CHART OF THE DAY: OBAMA WILL RISE AND FALL WITH THE DOLLAR
Courtesy of The Pragmatic Capitalist
As John Tamny so eloquently described the other day, the electorate is only as happy as the value of the dollars in their pockets. Many Presidents have fallen by the wayside as they attempt to devalue their way to prosperity. It never works. Thus far, Obama is learning this lesson the hard way as the dollar crumbles and his approval rating follows. Shorting his approval rating was the no brainer trade of the year. If only I could have found a buyer….
