Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

" our current account deficit is not going to show signs of reversing the current trend, and if that assumption is correct, then the dollar has to move further down until that trend does get reversed. I don't see such a reversal until we have a serious recession here (not a one and a half quarter of minimal contraction, but three quarters at least with contractions in the 1.5% to 3%..."
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Zeev...

I agree completely, and believe we entering that recession now, with the consumer leading the way down.

mlsoft