Speaking in New Dehili, Tsy Sec Paulson said the US is for a strong dollar. One has to wonder if he isn’t refrrring to the Canadian dollar that just went to a premium over the US Dollar. This is the first time for the Canuck Buck to do that since the 1970s. The US Dollar has now fallen from 120 on the Dollar Index to about 78. Apparently Paulson had to go to the other side of the world, where even the Indian rupee is gaining on the US Buck to say this without being questioned by the press.
Cabinet Officials tend to be official spin meisters for their Presidents. But as a former Goldman Sachs heavy, this is a bit much even for someone paid to spin.
Now test your knowledge, do you know which exchange in the US trades currency futures?
Answer, the Intl Monetary Exchange formerly on the Chicago Mercantile Exchange
Click here to take a look.
Professor Elam 
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