I agree. The dollar index dropped a lot after Fed, 85.4 now from
86.9. If it breaks 84, then 80, the game will shift to a totally
different ballpark. Gold is also going nuts. If this continues,
I think the Fed will have no choice but to raise, and fast.
It looks like Ben may have a credibility problem with the
currency market. He had no choice but to do what he did. Didn't
have to print, though. He certainly has inherited a lot of
bubbles from the famous maestro, and will be a
scapegoat. US manufacturing is 10% of the economy. The rest is
services, financial services taking a big chunk. It's a shame,
the adjustment will take years, and will be very painful. Have
to move all the plants back in the US! It will happen, I'm sure.
I'm very proud of this country, as it has been able to defend
its freedoms lately, as the president tried to take them away.
It remains the best in the world in that respect.
I have seen certain tendencies to fascism and some kind
of totalitarian regime, which now seem to be recognized by the
society. I guess there are smart people out there -ggg-
Even though we may be broke, we will still live in a free
and the best country in the world |
