"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824
Tuesday, December 22, 2009
The $DXY Channel
EUR/USD - the corresponding falling wedge to the dollar's rise. That yellow line at $1.41 is the 38% retracement of the rise off of the 1.24 march low.