Monday, October 12, 2009

Article on bloomberg regarding the USD

I know this should go into the "gloom and doom" blog, but I think it is mainstream enough to mention here. The USD is giving way rapidly and this "Emperor has no clothes" phenomena that the US Fed and Treasury matchup is no longer supported by China's want or need to protect its investment in Treasury instruments. IMHO China has written it off.
You can read the bloomberg article by clicking on the image below: