12/01/2006

Dollar slide: before you go into a snit, take a look at the monthly charts going back to 1990. The dollar has been lower in '92, '95, and most of '05. Double click on the above and you'll see it clearly. Also, long term the dollar in in an upward channel. Again, if charts were right we'd have no markets. Late Add: it's down another .37 this noon. The treasury could stop the slide any time, so I have to think they want a weak dollar. Why? They hate blue collar construction guys and want them on welfare. Actually I look for intervention over the weekend when the Treasury can fuck everybody who is short.

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