The Dollar Ain't What It Used to Be! The Recent Yen Intervention Is Telling Us Something

Dollar dominance is eroding. And recent moves by the U.S. and Japan to support the yen underscore this reality. On this week's Midweek Memo podcast, Mike Maharrey explains the recent intervention to support the yen and why it signals the dollar ain't what it used to be. He explains the mechanics of the intervention, what it tells us about the state of the bond market, why it looks bad for the greenback, and what it could mean for gold.  In this episode, Mike also talks about Rand Paul's field trip to Fort Knox and why his insistence that he knows the gold is all there is ridiculous.