The Dollar’s Predicament:

The Dollar’s Predicament:

Doug Noland, www.prudentbear.com, 07/16/2010

Did the dollar rally – and ongoing Treasury market strength – distract the market from the crucial unfolding issue: The U.S. Structural Debt Predicament?
Our financial system has created an unimaginable amount of non-productive debt, with our nation owing much of it to foreign creditors.
According to the Fed’s Z.1 “flow [...]

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