Since the end of the Bretton Woods system in 1971, the U.S. dollar has experienced a bull market twice. The first one in the 1980s was due to Paul Volker's high interest rate policy to cure chronic inflation. The second began in the mid-1990s as the IT revolution sucked investment into the United States. The coming dollar bull is due less to the United States' strengths than the weaknesses in other major economies. Since depegging from US$ 36 per ounce of gold, the dollar has been in bear market 70 percent of the time. The reason is that the Federal Reserve has a dual mandate of maintaining price stability and full ... (full story)