[palmer]

A recent IMF report noted that now that the era of Fed QE is over, Turkey was ...

More specifically, the carry trade which is the number one effect of the Fed's easy money, creates booms and busts in pseudo capitalist countries like Turkey and they are now into the bust phase. Contrary to the Krudlow article posted here twice (so far) today, the dollar is not "King" because of U.S. economic strength or the dollar's reservist majesty. Rather the dollar is up because everything else is so down.

[SunkenCiv]

The dollar has been going up because the price of oil has fallen, which reduces the amount in circulation. Saying "the dollar is up because everything else is so down" is nonsensical -- it's merely some semantics to avoid saying "the dollar is king".

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