In today's testimony to Congress, answering a question about the weakness of the dollar, Mr. Bernanke declined to comment because the dollar is responsibility of the Treasury.
Oh, come on Mr. Bernanke, with all due respect you know better than that.
The dollar is an exquisite variable reflecting monetary policy and inflationary expectations.
The sagging dollar is a vote of no confidence in our policies, especially monetary policy.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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