You never give me your money
You only give me your funny paper
and in the middle of negotiations
you break down
– The Beatles (hat tip Josh Schneck)
This is a picture of the dollar index. Looks like a bear flag to me. Is it any wonder gold barely fell on a day when stocks soared? Fiat currencies – funny paper.
This is the euro index. Think the euro index should be the exact opposite of the dollar index? Think again, Poindexter. This one looks like a bear flag, too, albeit smaller.
Out of college, money spent
See no future, pay no rent
All the money’s gone, nowhere to go
– same Beatles tune
