Monday, September 22, 2008
Dollar Bail Out
I don't mean The Bailout,you know Resolution Trust 2,or Toxic Bank.Whatever you want to call it.The proposition itself is not new but why does Hank want his proposal/decisions to be outside the scope of judicial review? I was long dollar/Sterling up to 1.75.But given the extra dollars that will need to be injected,and the resulting increase in budget deficit both the US economy and the dollar are just plain doomed.Short dollars.I mean bail out.
RB
RB
