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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (50968)1/23/2006 3:36:07 PM
From: GraceZ  Read Replies (3) of 110194
 
A Fed funds rate at 20% would likely trigger a complete meltdown of the US economy -- I doubt that would send people rushing to buy dollars.



The Fed never set 20% but they have had FF up to 19.10 back in 1981. What is funny is that it didn't bring about world wide collapse, it occurred at the beginning of a 20 year disinflationary trend. The dollar then resumed it's rise against other currencies, after faltering during the 1970s.
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