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Friday, March 20, 2009
US Dollar topped!
The Fed's announcement on Wednesday that it will buy $300 billion in Treasury notes (by printing money out of thin air), caused the dollar to sink further this week! In addition they will also buy more mortgage-debt, bringing the total commitment to over to $1 trillion.
Two weeks ago I indicated that the US Dollar might have reached a top (link).
Two weeks ago I indicated that the US Dollar might have reached a top (link).
Sunday, March 8, 2009
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