August 3rd
Hi. I am Andrew Turner and will be posting every Tuesday about the day’s events.
So I am sure everyone is asking what’s UP with the dollar? Well almost everything is up with the dollar continuing its steep decline again today.  Notably, oil and debt are up sharply.
Oil continues its move up today trading above 82.50. Last time we settled above 82 was May 13th when the S&P (mini future) settled 1152-50.  US Ten-Year Notes set contract highs as well.
I expect this trend of higher prices with a falling dollar to continue. The Fed has so far failed to inflate the economy and has brought the specter of deflation to the table. Don’t be fooled by rising prices with a declining dollar! The economy will continue to be weak in the midterm.
