The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Thursday, August 07, 2008
US Dollar Index Looking Up?
The US Dollar index closed just above its 200-day moving average today for the first time since October 2006, and also just above its high from mid-June. The breakout of its trading range that had been in place since March is a win for Dollar bulls.
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