Looks good, on the surface............from Rico

Sure, it 'looked' GOOD on the surface, but it's a serious pile of fresh, steaming, dog shit with a coating of chocolate icing.

No, while I could be talking about Barry here, I refer to last week's FED 'liquidity' swap shenanigens.

The FED is willing to lend money to foreign institutions at rates LOWER than it lends to American institutions.
- The FED did NOT ask Congress's permission, or yours happy taxpayer, to make an unlimited amount of Dollars available on a currency swap basis.......even though it's at your expense and risk.
- The FED is subsidizing EUropean governments and financial institutions by making Dollars available to them at 0.60% interest (that's lower than what US entities are charged, which is 0.75% btw).

The immediate result? The Dollar dropped over 2.3% last week. That's a HUGE single week move in the value of the Dollar.

In simple terms, you happy taxpayer, have been 'sold out' by not only Congress and the DC establishment, but clearly by the FED which is only to happy to make the Dollar so much toilet paper.