The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (4229)	2/12/2008 2:50:43 PM
From: Tommaso	Read Replies (1) of 71456

>>> The Fed will keep rates low for some time again and is not concerned about its reputation and all the moral hazard this may produce, she said. <g> <<< Funny idea of moral hazard, if you ask me. Last spring I rented a hotel room in Paris, breakfast included, for two people, for about $90 a night. I recommended the hotel to a friend, and now the quoted rate for three people is $255 a night. It's true she wants it for late April as opposed to early March, but it's still a kind of shock. We'll see what $6.00 a gallon gasoline the same for milk will do for the Fed's moral stature.

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