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01-29-2008, 04:59 PM #1
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Great, Mr. Bernanke — Saving Our Dollar!
Great, Mr. Bernanke — Saving Our Dollar!
Our readers know that we have criticized our Fed chairman for being behind the curve in lowering rates too late and by too little to avoid a recession.
But most things are relative and, in this respect, Ben Bernanke looks like he is ahead of the curve, at least in terms of the competition — other central banks.
As currency values are relative, this could bode well for the dollar. If so, it may be time to cover some short dollar positions.
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