And we wondered WHY the $ jumped...

[Mega]

Because Euro-land and Japan went shopping!
http://www.bloomberg.com/apps/news?p...g.w&refer=home

They can't do this too often.
Mike

[FRED]

Re: ..........and we wondered WHY the $ jumped?

Because Euro-land and Japan went shopping!
http://www.bloomberg.com/apps/news?p...g.w&refer=home

They can't do this too often.
Mike

See: FIRE Economy and the Dollar Ratchet: commodity prices are 80% a function of dollar purchasing power, dollar purchasing power 80% a function of foreign central bank demand for dollar denominated finance assets. The dollar is managed down by central banks since 2001 in a series of depreciations such as 2001 to 2005 and 2006 to 2008 that we call the "Dollar Ratchet." Most recent intervention started several weeks ago. Next depreciation period starts up again in 2009 but the dollar and commodities move sideways until then, unless there is an accident.

Dollar Ratchet price of oil

[Mega]

Re: And we wondered WHY the $ jumped...

Ah!................

[LargoWinch]

Re: ..........and we wondered WHY the $ jumped?

Fred, how come Mega as no cool undertitle... kinda like "MadScientist" or "ShadowFed" or "Contrary Old Fart"?

If I may, I would suggest:

"Said So In Less Than Seven Words" or

"In Mega We Trust" or

"Molecular Evolution Genetics Analysis" or again...

"MegaDrive"... or the always fashionable:

"iTulip Select Premium Member"

[FRED]

Re: ..........and we wondered WHY the $ jumped?

Fred, how come Mega as no cool undertitle... kinda like "MadScientist" or "ShadowFed" or "Contrary Old Fart"?

If I may, I would suggest:

"Said So In Less Than Seven Words" or

"In Mega We Trust" or

"Molecular Evolution Genetics Analysis" or again...

"MegaDrive"... or the always fashionable:

"iTulip Select Premium Member"

How about "Master of British Brevity"