Here is the breaking news heading at http://www.bloomberg.com/?b=0
"Stocks, Commodities Plunge, Dollar Gains on U.S. Jobless Claims Increase"
My comments:
If you recall in December one of the reasons given for this US dollar bear market rally was the improvement in the US economy with unemployment not as bad as it was.
Now US unemployment not improving and becoming worse then expected is given as a reason for the US dollar rising.
Well, we can't have it both ways.
If unemployemnnt here was worsening do you think our dollar would be rallying? Or anyone else's currency for that matter?
We are all being taken as fools and being played with as suckers.
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