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Strategies & Market Trends : The coming US dollar crisis
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To: stan_hughes who wrote (5134)3/17/2008 1:21:32 PM
From: CynicalTruth  Read Replies (1) of 71456
 
This quote says it all:
"At this point, it should be apparent that rate cuts are destabilizing the system. They not only damage Federal Reserve credibility, they are battering confidence in the dollar and US financial assets more generally."

And looking for another 1pt drop in rates later this week.....

Looks to me like they are trying to crash the dollar as far as they possibly can... Might as well go negative with the rate and charge Ma & Pa to keep their savings in the bank.....
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