Fed 1 - Your Purchasing Power 0: Dollar Bloodbath Redux In Pretty Heatmaps
The only thing that matters today is the ongoing drubbing of the USD, which has just surged to 1.345 to the Euro, even as the Yen meanders this morning but continues to gradually push higher post overnight lows. Expect angry statements from the ECB, and promises to do more of the same failed thing. In the meantime, the middle class' purchasing power was once crushed. The Fed's transfer of wealth from savers to debtors continues. Which is the only thing that matters to stock.
JPY. Don't be confused by the green color - all Shirakawa sees is red.