Dollar Destruction Continues

I don't like the fact that equities are on the sell side, bonds are rallying, crude cratering, and the USD, the beloved Greenback cant rally!

This just either tells me that we will see an afternoon rally in equities or this is much more of a serious issue that needs to be monitored.

online.wsj.com/article/SB125131560834161423.html"

This is the first time in 16 years that the Dollar is cheaper to carry then the Yen. Japanese interest rates are at cellar dweller prices, and the simple fact that our currency is even cheaper to borrow then the Yen, tells you that asset deflation here in the states is just beginning.

"Last Wednesday, banks seeking dollars had to pay 0.37188%, which is the three-month dollar Libor, while yen borrowers needed to pay 0.38813%".

"The rate in U.S. dollars has been steadily declining since peaking at 4.81875% at the height of the credit crisis in October as the world's central banks pumped trillions of dollars into the financial system. At the peak of the crisis, the yen-Libor rate topped out at about 1%".

I don't like the fact that the USD is dropping today, this doesn't bode well for a potential safety trade or safety net when things do get dicey in equity land.