"...The biggest confirmation one can point to on the USDollar weakness, extended from the USEconomic weakness, is the big decline in the 2-year USTreasury Bill yield. It has continued to fall from the time of last week’s article about the market response to the USFed that blinked. With a 2-year USTBill yield now at 2.60%, some conclusions can be drawn. An economic recession is confirmed. The USFed has had a rate cut taken off the table. More price inflation is coming, permitted as a harsh secondary expense for treating the worst recession the nation will see in 70 years. A credit derivative accident spawned from higher long-term rates cannot be permitted, but might occur anyway despite all the wizards best efforts. One should regard all talk of crude oil speculation to account for its price rise as pure distraction from the clear and powerful USDollar risk of further breakdown..."