And the Beat[Down] Goes On ...

Ahhh, let’s see ... recent buzz words in the investor vernacular have been risky assets,
subprime, inflation, decoupling, current account, globalization ... and the list goes on.

The newest buzz word to make the list: deleveraging.

I don’t have the hard stats, but I’d be willing to bet the instances of ‘deleveraging’ have
increased exponentially if you were to search for the term on Google today versus two
weeks ago. The simple reason is that it explains the ongoing US dollar rally.