Friday, November 19, 2010

Dollar lower against yen

US dollar continues to go lower against japanese yen. There is now a chorus of cries. People are indeed starting to worry. So far, we see no actions to defend our dollar against further erosion. Fear does abound of a coming collapse of our currency. How much longer can this game go on? Yeah, I did say game. Ben Bernake defends his scary actions saying that QE2 is necessary. He says it will keep our economy growing. Well, if you believe that, you might just want to buy the Brooklyn Bridge and a florida swamp.

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