Tuesday, October 13, 2009

Did I Forget To Mention Rubes?

clipped from pajamasmedia.com

UH OH: Dollar Reaches Breaking Point as Banks Shift Reserves. “Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.”

Meanwhile, Charles Austin writes, “Just asking. But has anybody checked George Soros’ trading activity recently as the dollar started its sharp decline? He does have more practical experience in bringing down a country’s currency than anyone else I can name.”