They are clowns.
The (privately owned) central banks are the cause of this morass.
Let me ask you a question: What is set in an open market & what is not?
Price set in open market: crude oil, gasoline, nat gas, corn, wheat, TBonds, TBills, sugar, coffee, FX, etc.
Price NOT SET in open market: Interest rates.
If interest rates were set in an open market they wouldn't go from 1% to 6% and back again...there would likely be more of an equilibrium keeping them between 2.5 and 4.5%, in my opinion.
THROW THE BUMS OUT! Not that it's likely to happen...
Rogers claims he's exiting hte US dollar in the months ahead (around early '09).
THat might coincide well with the end of the UNWINDING of short dollar pos.