GOLD HITS another record high.
Related: Oil up above $74 in Europe as dollar weakens.
UPDATE: Still more: Obama Dollar Retreats Most Against Commodities in Wealth Shift. “President Barack Obama’s effort to lead the world economic recovery by spending the U.S. out of its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets.”
ANOTHER UPDATE: Indeed:
Honeywell Chief Executive David Cote, a Republican who supported Mr. Obama in the election, says he was taken aback by the president’s rhetoric on the tax issue. “You can’t love jobs and hate those who create them,” he says.
Another rube catches on . . . .