Category: Currency Currents
- Published: 08 May 2009
- Written by Editor
Stress from the “stress test”
A friend called late yesterday to ask me what I thought about the “stress test.” I told him it seemed to be working, I was pretty stressed out by the market thanks to the carnival act we call the Treasury and Fed.
First Mr. Geithner effectively tells us that everything is hunky-dory. Stocks soar and the buck tanks (because the only way to trade the dollar these days is to trade the stock market it seems).