What is interesting is what he is NOT saying but is between the words. He is obviously keenly aware of the dollar issues and probabilities of deflation...I like Art. Like most, he was early in looking for this market to consolidate or roll over...but at least he's good company.
The Fed's Real Job: Propping Up Dollar Reserve Currency Status
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Alexander Salter and Joshua Hendrickson argue that the Fed's actual
institutional role is to backstop U.S. dollar hegemony.
4 hours ago
