Strong Dollar Policy Really Paying Off
Wonkette Monetary Policy Operative "Lee" sends us welcome news: the U.S. dollar is totally beating the pants off the Kenyan shilling. You'll recall that Barack Obama's hometown of Kenya, Africa finally swore in a power-sharing cabinet following two months of violence after a disputed election. So it is nice to hear the American currency has gained "a slight ground" versus the currency of a nation with a 21.8% month-over-month inflation rate and a recent history of grave political instability. [NASDAQ.com]