I am sure two months from now, you will start a thread saying the financial crisis started when Obama got elected ... such is the state of revisionist history. American students spend 2/3 the number of days per year in school than their Asian counterparts and they neither care nor learn about history. You have got to wonder if there is a systemic flaw to the flood of crises facing us.
American students spend 2/3 the number of days per year in school than their Asian counterparts;;; -------------------- This is because we have a labor management conflict in the schoool system. The teacher (labor) are in direct conflict with the managment- the children (who need to be managed). What is good for the children is not good for the teachers.
Wrong, Fed cut its rates and money supply, therefore, force yen carry trade unwound. USD strength is from yen. And, just remember, BOJ is acting in shadow with Fed.
The Federal Reserve engineered a reduction in the money supply which can be seen as a tightening in calculated M3 between March and July of this year. July marked a peak in commodities and a bottom in the USD and this is the interval at which the deleveraging started. Deleveraging means that the demand for US dollars increases while the availability of credit decreases. This is what caused the trend reversal in the USD and oil. The USD did not cause the drop in oil and the drop in oil did not cause the increase of USD. The opposing movements in both instruments are a representation of the deleveraging process.