Fed Rates ought to drop to 2 1/4 % to equal the 65% drop in the markets, thats Japanese "ZERO" rate liquidity, and I can see it happening here. First we go off the Gold standard, where all currencies are merely government backed "Scrip" paper, now government treasuries have to issue more and more worthless paper, which is what is happening when liquidity is achieved by zero rates, the Japanese Yen is doing it now, The Euro will follow, followed by the US Dollar. We are seeing the end of the world stability of solid currenciies like the British Imperial Pound and the US American Dollar, and IT IS ALL GREENSPAN's INTENTIONAL FAULT. Start learning chinese, if you want to survive in the coming communist order, comrade Greenspan. Greenspan should never have increased rates to 6.5% in the first place, he was never a genius, he was never the cause of the 10 year expansion, and he will never even come close to a Paul Volker, who would have dropped rates 1% that is a full 100 basis points, which was done in the last OPEC OIL Embargo, and will need to be done in this OPEC OIL cuts.
I am,
Truly your$,
-Crystal Ball |
