Quote from dividend:
Now the ficticious money is disappearing. A key signal: Supermodels and rappers disrespecting the USD in favor of Euros. That is about to change when there are not enough cash to go around.
Somehow it looks like the economic landscape suddenly changed just recently - just in the past 3 weeks. Maybe it was rotting on the inside for so long and just beginning to show cracks on the outside.
ex - same restaraunt i visited about 2 months ago now has no customers on a Saturday (yesterday) late afternoon (4pm).
The alarming part is that employment is still high, esp. after the financial sector/subprime meltdown... So there is a good possbility of much room to go down.
Update:
- Unemployment rises fastest 1 month pace in 22 years
WASHINGTON (AFP) â US unemployment in May unexpectedly surged by the strongest increase in 22 years, Labor Department data showed Friday, raising warning ...
- USD rises fastest in 1 wk since 2005
June 14 (Bloomberg) -- The dollar rose the most against the euro since 2005 as Federal Reserve Chairman Ben S. Bernanke said economic risks have faded,