Little noticed endorser of Obama: Bernanke?

Is it just a coincidence that Ben Bernanke has finally started to come out in favor of a strong dollar today?

I think not.

Get prepared for a real bull market when Obama takes office in January...

Yes, bull market - you can look it up: when a Democratic president takes office, generally the market soars. (But this year might still be dicey, especially if the Jerk in Chief attacks Iran.)

Now, it's not soon enough that Bush will be gone...his Bush Boom has really exploded all over us.

But Bernanke's words seem...like a welcome course correction...a course we can all appreciate...

WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke on Tuesday warned the dollar's weakness was contributing to U.S. inflation and signaled that the world's most powerful central bank would not welcome a further decline of the greenback on international currency markets...

In the playground world of foreign exchange markets, Bernanke was warning speculators that the central bank will not stand for any more bullying of the weak dollar, analysts said.
If challenged, the U.S. will have little choice but to react, analysts said.
"The Bernanke language really puts the U.S. out there on the dollar... put up or shut up," said David Gilmore, currency analyst at FXA...

The market got the message and the dollar rallied sharply in the wake of Bernanke's remarks...

"Bernanke's defense was about as strong as he could make it, given the U.S. policy of letting only the U.S. Treasury Secretary speak about matters concerning the dollar," commented Tony Crescenzi, chief bond market strategist at Miller Tabak & Co.

It's rare for Bernanke to even use the word "dollar" in a sentence. In most occasions, he and other top Fed officials tell reporters and legislators that they are unwilling to speak about the currency and refer any questions to the Treasury

Remember the last time the dollar was strong?

It was under a Democratic administration...one that paid its debts...

(Sorry Hillary.)

I think Bernanke gets the message:

and part of that message is McCain is a dud:

Edit: in comments: someone asked why this is correlated with Obama's clinching of the nomination...

Well, it's because a strong dollar would be a a complete reversal of current dollar policy.

A complete repudiation of the Treasury Department's all-but-in-name weak dollar policy.

It is the very quintessence of the currency value anti-Bush policy.

To make such a statement today, to openly flaunt Bush dollar policy on this day, well, IMHO, it's a nod to the presumptive president.

Maybe it's not, but it is surely a signal that somebody in power desires a return to normalcy...

Yes folks, the good guys and gals are going to be in charge soon.

There'll be a new sheriff in town.

Soon moving to Paraguay'll have to start looking mighty good to some folks associated with the Bush regime.