Dusty Davis: Greenage.
--Twister
What's the greenback looking like on this St Patty's Day? Daily and weekly charts show the USD in the middle of a multi-year trading range.
Elongating the time horizon to 20 years, the USD is well off its highs with a head and shoulderish look. Perhaps consolidating before continuing the move lower.
A good argument can be made that the only thing keeping the dollar aloft is beggar-thy-neighbor policies worldwide, which is turning all fiat money into so much confetti.
There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.
ReplyDelete~Ludwig von Mises