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Strategies & Market Trends : The coming US dollar crisis
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To: Grandk who wrote (4353)2/16/2008 6:51:08 PM
From: Real Man  Read Replies (1) of 71456
 
Greenspan did drop rates to 2% in no time, and Bernanke is
doing the same thing. CPI-U shortly followed. The formal
mistake was that AG failed to raise when CPI-U turned back
up. If in Ben's case CPI does not fall, he may have to raise.
If he doesn't, inflation will skyrocket. Of course, changes
to how CPI is measured (CPI lies) that all happened while AG
was Fed Chairman (and he pushed for those) don't contribute
to "disinflation".
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