I know this goes against just about everything one hears on talk radio, CNBC or reads in the newspapers, but could the U.S. Dollar actually be starting a turn and heading higher? ZeroHedge has a good chart and commentary on the U.S. Dollar. I’m sure I’m wrong since the whole world assumes the Dollar is going to crash and are basically short the U.S. Dollar.
I am not happy with all the crazy spending that the Obama Adminstration is doing, but I believe in the American people and in the ingenuity of the American entrepreneur to figure out how to innovate and successfully operate even in this very challenging climate.
Of course, if the U.S. Dollar heads higher, you can kiss 4.625% mortgages good-bye.