RECOVERY BUILDS: US DOLLAR

Few investors have been more vocal about the potential collapse of the US Dollar than Richard Russell.  But as the recovery builds strength Russell has dramatically toned down his commentary about any potential hyperinflation and collapse of the USD.  In his Friday commentary he said the market action simply isn’t even remotely displaying a hyperinflationary environment or even an eventual hyperinflationary environment.  And he’s dead right (via Dow Theory Letters):


Comment — I read a lot about “the coming hyper-inflation.” If hyper-inflation is in our future, I don’t see it in the market action. MONEYGAMES