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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (5161)3/17/2008 9:56:15 PM
From: Real Man  Read Replies (3) of 71456
 
CNBC will not exist at the secular bear market bottom. The
biggest thing is confidence in the Fed's credibility. I gather
foreigners have lost it - almost. In the US it is still
declining from very high levels last year. At the bottom it
will be completely lost, and nobody will trust BLS numbers.
In fact, the Fed itself may get abolished if they cause
the dollar crash of 80-90% (possible, if they keep bailing
everyone out!) or a hyperinflation.
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