Mish's Global Economic Trend Analysis: Currency Intervention And Other Conspiracies: "There is one more point I want to mention about the US dollar. There is a secular shift underway in the US from consumption to saving. The word that best describes this is 'frugality'. An frugality is very dollar supportive.
And it was Professor Kevin Depew who coined the phrase It's Cool to Be Frugal. I commented on frugality at great length in The Future Is Frugality.
Inquiring minds will certainly want to take a look.
Here's the deal for dollar bears: The dollar rallied because it was damn good and ready to rally. Those with their eyes open spotted fundamental reasons in advance. Those who did not, blamed intervention.
Mike 'Mish' Shedlock"
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