Veni, Vedi, Mutuatus Sum by Bill Bonner
"We came, we saw... we borrowed!" Addison Wiggins proposed a suitable motto for the U.S. imperium.

But the dollar keeps rising. Dollar strength has surprised most analysts. We have no particular view about the dollar – except that we don't like it. We don't much like the euro either. All the world's paper monies are bound to be a disappointment over the long term. Our guess is that the euro will be less of a disappointment than the dollar, but it is merely a guess. Europe has less debt than America, and a positive current account.


- posted by SARTRE @ 7:43 AM