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Poor Timmy is back on stage this morning, testifying in front of the US Government, and reminding us all that our Financial system (and those at the helm of it), have lost credibility. This guy's smugness is truly embarrassing.

In a perverse way, this is actually quite good for the REFLATION trade. As foreign sellers threaten to Break The Buck, assets will REFLATE. Dollar DOWN = everything else UP.

Geithner's Greenback - gman

 

Keith R. McCullough
Chief Executive Officer