Dollar Hits New 52 Week High
New 52 week low for EURUSD.
Also the Baltic Dry Index tumbles again.
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5 comments:
RAIL TRAFFIC PLUMMETS -9.3% TO START 2012
Check out that juicy 0.68% real yield on the 30-year TIPS.
I think someone broke the economy's mirror and we're due for 30 years bad luck, lol. Sigh.
The first sentence was meant to be sarcastic of course.
The second sentence, not so much.
That rail traffic figure is "gnarly"!
This is a deflationary depression.
CP,
It is my belief that the powers that be are attempting to combine the deflationary Great Depression with the inflationary 1970s in the hopes that two wrongs will miraculously make a right.
About all we seem to be getting is the high unemployment common to both eras though. Go figure.
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