Thursday, March 26, 2009

Now I understand

I couldn't understand why the Greenback flew down against the Euro...why it sunk 1% in seconds the other day...now I know...G-E-I-T-H-N-E-R.

How I missed it, I don't know. But on CNBC this morning, Boris Schlossberg talked about Geithner's interview yesterday (Council on Foreign Relations.) In one part of it,

he seemed to suggest an alternate reserve currency...not the Greenback...OUCH!

Even though he corrected himself, it was enough to drop the Dollar 1% to the Euro...but it is now stabilized slightly, though higher then where I shorted it.

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