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Takeaway: That smell you’re smelling? #BurningBucks.

In spite of the ECB rate cut, the Eurocrats just can’t seem to keep the Euro down versus the US Dollar.


Bernanke’s Burning Bucks - USD vs EUR

Because Professor Bernanke is prepping his academic turkeys for more no-taper basting. Fed fear sells.  

A 3.6% Q3 GDP print? No matter. Tumbling jobless claims? Big deal. Who cares what the economic data says? It’s always 2008 in Fed-Storytelling-Land and the sky is still falling.

Incidentally, that smell you’re smelling is the smell of #BurningBucks. Bernanke loves the smell of #BurningBucks in the morning.

Eurocrats? Not so much.