RE: Back in
profitonly:
"On a side note the world is ending but the U.S. dollar keeps climbing. Why is that and who is supporting it at above 80 now?"
I heard a piece on BNN kind of explaining this phenomena today.
European Union (EU) has a central bank but no legislative power to make all the member countries cough up a bailout for their problems that are about to start blowing their tops like Wall St. just did. So they only have a very few tricks - some cash, and interest rates... maybe more - not pretending to be an economist - just repeating gist of discussion on TV - because I asked the same question.
So here is the answer... believe it or not, the US Dollar IS the safe haven right now because the Euro is going to get very small soon - notice even Gold was tumbling today ?