This, in my view, is not such much about the value of USD per se, but rather more about the flight-to-risk. On the very same morning, there was a headline that the EM equity mkts have returned to pre-Leh levels.
The dollar is on the risk of a collapse, it's going to eventually happen and it seems no one really cares about it. So we get a little inflation going forward, no big deal, right?
........................................................ This is where "higher taxes" save the day....???? In the "Great Race" to the bottom....
Yeah,we managed even to break down Microsoft's browser monopoly,quite astonishing for "Old Europe", isn't it ? 'Old Europe' hits back at Rumsfeld http://www.cnn.com/2003/WORLD/europe/01/24/france.germany.rumsfeld/