As the Dollar and Yen lose their luster for now, partly due to
positive news and partly due to political uncertainty (in Japan
primarily, but to some extent the US), I want to take this opportunity
to rant.

I have been involved in the markets for the better part of 15 years. I
started my career as a stock broker and find myself now a staunch
advocate of the Forex.

I have weathered turbulence in the markets, former Fed Chairman Alan
Greenspan’s “irrational exuberance” speech (which ironically sent the
markets on the biggest rally in 50 years), the internet bubble burst
and now the “biggest recession since the great depression.”

I lived through 8 US presidents, saw two of the greatest leaders –
economically speaking – in Reagan and Clinton and saw miserable
failures like Carter and the senior Bush.

But, in my life I have never witnessed such irresponsibility and lack
of basic understanding of free market thought, as I have with the
current president, Barack Obama.

Read more at:
http://forextradingguru.blogspot.com/2009/07/dollar-and-yen-lose-safe-haven-appeal.html

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