What will they call this "crisis"? Or is it transitory and different this time?
Thanks to BoJ's idiocy, The Dollar is surging once again...
It appears "king dollar"'s strength may not represent the "strength of the US economy" after all. As we noted a year ago, a strong dollar may not be the 'unambiguously good' thing so many proclaim it to be. However, with the rest of the world competitively weakening their currencies (in order to 'help' their economies), we hope the chart above will help readers decide which they prefer... a stronger (US multinational-crushing) dollar or a weak (domestic drag) dollar?