They just got a different tool to use than we do: They kill innocent lives to achieve objectives. That's what they do. And they're good. They get on the TV screens and they get people to ask questions about, well, you know, this, that or the other. I mean, they're able to kind of say to people: Don't come and bother us, because we will kill you. Bush - Joint News Conference with Blair - 28 July '06

Sunday, November 04, 2007

Everybody hates the dollar

There is a lot of uncertainty in financial markets, but there is one bet that almost everyone seems to be making: sell the dollar.

The U.S. dollar fell again on Friday against a basket of six major currencies (.DXY: Quote, Profile, Research), hitting levels not seen in that index's 30-year plus history. It has fallen more than 7.0 percent since the summer's financial ruckus started.

It is an unusually strong consensus, which is often an indicator to go the other way, but, well, there is a lot not to like. More