[quote=barnaby33]
I didn’t think it through enough because my main point was really about the weird strengthening of the US dollar which is perverse considering how our economy is behaving.[/quote]
More and more I’m beginning to think Peter Schiff had it all backwards.
The ‘bubble’ was in oil, gold, emerging markets and foreign currencies. America had the strongest fundamentals all along; it was the rest of the world that was full of hot air.
Edit: Holy crud, I just realized our trade deficit about equals the amount of hard currency we export. I guess paper dollars are our #1 export!
As long as they stay strong we should do just fine.
