The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (2410)	11/18/2007 8:51:53 PM
From: Tommaso	Read Replies (1) of 71455

I have just sent the following email to Mr. Reddy; in the unlikely event that the WSJ publishes it, it will blow my cover on SI: "Right now, they're going to view this as good, not bad," said Brandeis University professor Stephen Cecchetti. "There are no tangible inflation risks that are coming out of it." Is this is a sincere comment on the falling value of the dollar? If so, it would be best for Professor Cecchetti if he already already has tenure at Brandeis. As long as one is floating in midair, "tangible risks" are of no concern. But that happy condition is transitory. Is it really necessary to instance all the examples from history where a failing currency presaged domestic inflation? Is it really necessary to insist that the law of gravity is still in operation? Perhaps Professor Cecchetti is making an ironic comment on the intelligence of the Federal Reserve. In that case, I offer apologies for taking him seriously.

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