Its another down week for the dollar. That makes it seven in a row. Seven consecutive weeks where the dollar index has declined. That can be some kind of a record, although I think the record is going to be broken because I think its probably going to fall again next week, particularly when you have comments coming out of the President of the St. Louis Federal Reserve, Bullard, who was one of the last remaining hawks at the FED. He is now a big fat white dove. According to Bullard, the FED should resume quantitative easing, which is the FED speech for "create inflation".
Bullard wants the FED to print more money and buy more treasuries, to buy more mortgage backed securities, because he feels the United States economy is in danger of turning japanese. Now, I have said many times, there is no chance of that happening.
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Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.