U.S. Public Transfixed by Day-to-Day Market Gains but Blind to Future Losses
March 27th, 2009
Tyler Durden submits:
Another perfectly normal day in the market yesterday, marked by the totally logical run up in stocks, bonds, commodities… and the USD.
Why is the USD stronger? Some of the commentary suggests this is due to risk aversion trades – but US equities are higher, oil is higher and many point to this week’s economic data as suggestive of economic stability. So in the search of more satisfying explanations:
