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Message: Why Basset Hounds are smarter than Economists

Why Basset Hounds are smarter than Economists

posted on Sep 25, 2009 09:45AM

This morning we were greeted once again by a negative bit of economic news. This time it was a soft durable goods number that breathed some renewed vigour into the U.S. greenback and like yesterday's weak housing numbers they are what economist's call a reason for the rest of the world to buy the American Dollar. They call it a flight to safety as it were. Strange business really,when you think about it. You are being told that the value of a currency appreciates in an inverse relationship to a country's economic deteriation. So I guess we should soon be witness to the ultimate currency when things fall apart completely in the United States. Personally the more I see a doghouse falling apart the less inclined I am to live in it. Cheers everyone, Ali.

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