Dont' Blink: Dollar Destroyer Bernanke Gets Economics Lesson from Markets

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Don't Blink

The markets deal out an unfortunate lesson to smug central bankers, who are learning the hard way about currency stability. "The American Peso" is getting savaged in free fall, which doesn't mean that US assets priced in dollars will go to infinity. The Federal Reserve's one play playbook, gets coffee spilled on it, as the dollar suffers.

Dollar and stock futures are down sharply, while gold, oil, and commodities dance. Here's the latest view of the Bernanke Buck...as he heads to Congress this week with some 'splaining to do.
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GSG (Goldman Sachs Commodity Indexed fund)...Fed says no inflation. Markets laugh.
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Helicopter Ben finds chopper low on fuel? From Now and Futures, feckless Fed fanning dollar deflation with money printing.
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John Williams' Shadow Government Statistics with alternative inflation statistics, rock in the shoe for Tiger Cub.
___________________________________________________________________Philly Gold and Silver Index (monthly)...breakout from consolidation underway
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Russell 2000 daily, making lower lows, MACD living subzero
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Memo to the Homer Simpson Fed: You can't rate cut your way out of this one.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.