The dollar is up!

"(Reuters) - The dollar rose against the euro on Friday and could extend its rebound next week, buoyed by higher Treasury yields after a sharp drop in the U.S. jobless rate brightened the outlook for the U.S. economy."


Ooops!!


Isn't that a " miracle" by itself given the policies of QE, stimuli, bailouts, and secrets swaps from the Fed to big financial institutions across the globe. We must reckon that the " dollar" has been very much resilient given the obvious attempt by the Fed and the US government to destroy its value. Nonetheless, we will not be foolish to fall for the recent reports that claim that the " dollar is up" and that we might be witnessing an upturn in the US economy in the near future given the news of drop in the government calculated unemployment rate and the trend of capital flow back into US equities. Those factors are not " sound" enough to claim that everything is fixed, rosy, and that the future will be bright. The fundamentals have not been dealt with; quite contrary, the days of reckoning are being postponed. 

While the media is all too excited about the potential for Europe to break apart, bringing down the Euro dream with it, we should admit that the Europeans have at least recognized the magnitude of their problems and are " trying" to " thinker" these issues out. They US on the contrary is still looking for an easy way out; but we all know that there is no such a thing in life!

Well, what do I know? I am just another little blogger out there arguing against the studies made by brilliant Fed economists! Well, I have one weapon that never lies: Gold baby!
Bring it on:


US dollar since 1900







US dollar since 2006