[Treasury Secretary] Paulson also touched on currency matters in response to questions from the audience at the Economic Club of Chicago. He said he believed a strong dollar was in the best interest of the United States...Dollar: 73.71 (record low)
The dollar hit a lifetime low against the euro and a basket of currencies on Thursday.
Oil: $101 (record high)
Gold: $971 (record high)
I feel a little like I'm watching some Bizarro version of Independence Day*. In this one, El Presidente, Hammerin' Hank Paulson, and Helicopter Ben infiltrate their own mother ship, upload the virus, and shoot the nuke. Paulson wonders aloud, "Do you think they** have any idea what's about to happen?" Bernanke, still trying to get the chopper loose, answers, "No chance in hell."
Then Bush turns to them both and says, "Me, neither, but it sure was fun, huh?"
* All that is missing is that scene where all the Democrats gather at the top of the tower to welcome the aliens, holding signs and chanting. Oh, wait, here it is.
** "They" in this case being about 300 million Americans.