Wednesday, April 29, 2015
The bullshit USD condition is correcting itself
The Canadian dollar collapsing from $0.90 to $0.78 in the space of five months was the biggest pile of bullshit I ever saw. Even if there's a major secular shift in the currency regime, it shouldn't take 5 months to get there.
The bullshit USD price is now happily correcting itself:
Which, of course, means American exporters are seeing some major improvement to their bottom line. Actually it doesn't since input costs go up as USD goes down, but don't tell that to idiot American traders.
So why do they want to puke US stocks today? Because they have a made-up reason to now, and they're always on the wrong foot, and can't believe in the strength of their country. Because all traders are Republicans, and Republicans are all traitors against America.