A monstrously strong dollar is stalking the markets

Rickackerman: The dollar monster has begun to stalk us, and there is no hiding from it. He says the trend is only just beginning and eventually will overwhelm the global economy and banking system. Deflation is not only logical, it already appears to have begun sucking asset values toward worthless singularity with power that ultimately will grow irresistible. A full-blown selling panic has yet to occur since the bear market began in January, he says. A small disturbance in the credit markets that quickly causes short-term lending to dry up will begin with a small disturbance. Borrowers unable to roll their loans as usual will be forced to settle in cash, an unfamiliar medium of exchange in the world of finance. This will cause ripples of panic overnight, . . .