Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

There is a disconnect there somewhere. Someone is either wrong or lying, it would appear. People are selling the dollar despite the growth stats which would normally make the dollar stronger rather than weaker.

there's no disconnect. the bush administration is presiding over a policy to finance a recovery (sustainable or not, your pick) via massive debt. this will likely be good for corporate profits, and might produce prosperity (or the appearance thereof, again, your pick) at least through the 04 elections, but is bad for the dollar and worse as interest rates should rise but don't.

things won't get better for the dollar: the fed is already beyond the point where it can credibly claim that it will keep interest rates down "for a considerable period". once they stop saying that .... splat.