"The liquidity swaps are evaporating just as QE liquidity dries up here in the United States. The excess globally (and domestically) injected supply of dollars that drove assets up in 2009 and the USD down are all but gone. But the debt has a long way to go before being completely purged. The implication here is that an exogenous event (several of which are popping up every day again) driving a rush to USD will face unprecedented amplification and unwind severity because of the added variables in the USD supply/demand (im)balance."
LINK to Full Text:
http://www.zerohedge.com/print/68900
us $ IS RISING FOR SOME REASON......AS FEAR RISES OF DEFAULTS.....$ IS STILL SAFE HAVEN.
D
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