PIGS Boost The Dollar But Americans Forget To Feed The Piggy Bank
by MJ Harris
The latest numbers show that the US trade deficit had widened again this month. Instead of Americans spending less and saving more so that the trade deficit can shrink, the government is encouraging more spending so the trade deficit is actually expanding.
There is still alot of uncertainty surrounding the Greece and the Euro zone bailouts. This is causing temporary flight back to the dollar. Bringing it to its highest levels in several months.
Barofsky: ‘TARP will Almost Certainly Bring Loss to U.S.’…Billions
Billions Lost. They took our money, gave themself a nice bonus, and will ultimately report losses in the billions