[palmer]

Krudlow has explored all the corners of his little box. But yet the long term faith in the dollar is nil. It rose recently against the crappy Euro which currently hinges on Greece paying back some debt (fat chance of that). Yellen may have cut or eliminated QE but that doesn't mean the Fed is not ready to bail out the profligate politicians in some other way.

Which island or Belgian pseudo country is next to jump in suddenly start buying treasuries whole hog? Suddenly our crap is irresistible to some nominally foreign country? Gimme a break. The QE will continue in some other form from now until the final collapse. The only question is whether it will be Zimbabwe style with 100 million people on the government payroll or some sort of default or a combination.

[america-rules]

Larry is saying the opposite in this article than he said on his radio last week. I Am not sure which position is correct.