After last week’s thumping at the hand of all its major counterparts, the dollar is looking to me like Charles Atlas’ 98-pound weakling from the old comic book ads. Sand is getting kicked in its face from every bully on the beach. Even the lowly yen, with its pacesetting negative GDP (a negative 250% of the United States), is kicking the dollar’s bootie. When this rot began to be exposed, I often reported that things had been turned on their head in the currency world. Bad news for the U.S. economy became good news for the currency. Why? Basically, risk … Continue reading The Almighty Dollar