Rising from the ashes: more on the US dollar

Never before has economics interested me on such a daily basis! Mark Twain was a genius, indeed, when he commented that he never let schools interfere with his education. That is how I feel with the financial crisis--it has provided me with a wonderful opportunity to learn more about economics, but without having to sit through horribly dull and boring lectures with pretentious differential equations to unnecessarily complicate simple ideas.

I mean, the story of the exchange rates of the American dollar is simply fascinating. The short story, I mean--the story just over the last two months. A year ago when we visited Australia, the American dollar was all fluff. We were sorry ass Americans trying to hold on to our wallets, which quickly ran dry. And now, the Australian currency

closed in US trade at US61.78 cents, down US4.5 cents on Friday night and 37 percent from the high of US98.49 cents it reached three months ago. The slump in
the currency has confounded even the most seasoned of market commentators. The dollar has even been strongly outperformed by Iceland's hapless krona and Brazil's real over the weekend.

I love it when I read something like how even the economic experts are confounded. It is just an euphemism that actually means nobody knows a damn thing and we merely bullshit all the time!