THE DOLLAR CLOSED AT 1.3511 ON THE EURO... A NEW RECORD LOW...
CAN 140 BE FAR BEHIND... AND HOW LONG WILL THE GLOBAL CENTRAL BANKS ACCEPT BERNANKE'S "PLAY MONEY"...EVEN AS THE CONGRESS AND THE WHITE HOUSE IGNORE MACROECONOMIC REALITY...IN HOPES THAT AMERICAN "EXCEPTIONALISM" WILL HOLD...
AMERICA MAY BE EXCEPTIONAL...BUT IT IS IN THE AREA OF HUBRIS AND COMPLACENCY...AND UNBELIVEIBLE INCOMPETENCE
IN MANAGING A FORMER "GREAT POWER" THE 20TH CENTURY IS OVER!
