patrick.net

Now Cyprus is all better too!

http://finance.yahoo.com/news/stock-futures-signal-rise-cyprus

Euro still above $1.28.

American in Japan says

Despite all of the calls for the destruction of the EU, the euro so far has held up well against the US dollar at about $1.30 / euro.

That says a lot about what people around the world think of the dollar. The euro should be dropping like a rock against the dollar. Zerohedge likes to point out how well the dollar is doing, but only against the yen, pound, and euro. As we used to say in Texas, it's the best of a (really) bad lot. How's the dollar doing against the rest of the world's currencies? Not nearly as well.

People are getting antsy about the dollar. Lots of direct currency exchange deals popping up around the world lately, especially in China. Going to get interesting the next 5-10 years. Sooner or later the piper must be paid. The only question is who runs out of cans to kick down the road first. It's the ultimate game of chicken going on out there. If the situation wasn't so deadly serious and dire it would actually be funny.