And, as the following chart suggests, the last time the UIG broke through the 3 % barrier — on the way up — was in 2004, soon after the beginning of the last dollar bear market. (latest.13d.com)
During the last dollar bear market, from 2002 to 2008, the PCE percentage devoted to food and energy rose from less than 12 % to a high of 14.5 % (see green arrow below). (latest.13d.com)
SC: Aussie dollar bears who are counting on AUD to tumble on either a China growth slowdown or a collapse in Australian house prices will be waiting a long time. (businessinsider.com)