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January 19, 2011

The Day the Buck Broke

Wednesday's session delivered the inevitable loss of the DX 79 pivot by the U.S. Dollar Index. I'm afraid our currency is now in for a bit of nastiness as it works its way into a 3-year cycle low and the dollar's decline accelerates into crisis. We will see growing media attention on the plight of the buck, scrutiny of the Fed's malfeasances, and eventually ...

 

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