from Dan Norcini:
I thought this would make a good quip but the fact is that it is true. The Dollar is once again getting whacked, thanks mainly to ECB President’s rather rose-colored glasses prognosis of the Eurozone economy. Then again, what is he supposed to say: “the unemployment rate among the youth is approaching critical mass but what the heck do we care about that? Most of us will be dead and long gone by the time it goes kaput. Hey, things could be worse so lighten up and relax a bit”?
If you want to see two charts that pretty much tell it all, take a look at the Nikkei and the Japanese Yen.
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