Department of "Huh?!": A Rise in the Dollar Produced by a Rise in Real Interest and a Fall in Expected Inflation Rates Is Not a Sign of a Strong Economy Weblogging
Huh?!?!?!
Reuters Next — Dollar strength sign of a good looking horse: Fed's Fisher: The current strengthening of the dollar shows that financial markets are increasingly confident about U.S. economic prospects, Federal Reserve policymaker Richard Fisher said on Monday. "It (dollar strength) shows that we are the best looking horse in the glue factory," Fisher, the President of the Dallas Fed said at an event organized by OMFIF, adding that the U.S. was perhaps "a thoroughbred waiting to be released."
