Secretary Geithner: ALL IS WELL with the dollar
"It's very important to the United States that we have a strong dollar," Treasury Secretary Timothy Geithner said in Singapore today, keeping a straight face.
Here is our allegory of the day. Kevin Bacon is Treasury Secretary Geithner. The wreckage from the Faber College parade represents the dollar. The berserk crowds fleeing the meltdown are the international investors. See what happens.