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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Horgad who wrote (75530)12/13/2006 1:13:18 PM
From: GST  Read Replies (1) of 110194
 
<complexity of the local and global economies just add noise>

We borrow nearly a trillion dollars a year -- it is closer to the truth to say the Fed adds noise at this point. The world is standing neck deep in dollars -- the Fed can turn off the spigot at this point and nobody would even notice. Should the Fed turn off the spigot? Sure, why not. Will it change the course of events over the next ten years? Yes, it will make us realize we are already poor faster and perhaps that is not a bad idea. Will it stop prices from rising? Not a chance.

The dollar is like a man standing in mid air holding himself by the belt saying "as long as I hold onto my belt I will be fine" (or as long as I am a 'superpower' I will be fine if you prefer). But it does not matter if he holds himself by the belt. He will fall either way. If it makes him feel better to hold into his belt, sure, why not. But I don't know whether a thorough investigation into alternative ways to hold the belt will matter at that point.
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