We’re turning Japanese. Just because the US$ is taking a powder does not mean there will be some kind of recovery. And the US$ will come back when the markets crater again and there’s massive selling. Look at the volume, it’s a classic bear market rally. The multiplier effect needs to be working for inflation. Who’s going to borrow money right now? I sure dont see it. Make no mistake about it, this is a total desperation move by someone that has no other option available.
