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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (279609)9/29/2010 12:54:50 PM
From: DebtBombRead Replies (2) of 306849
 
"The Brazilian Finance Minister has just said we are in the midst of a currency war, a foreign exchange war and the central banks of emerging economies have a choice to do nothing - then they have high domestic inflationary pressures with accompanying bubbles - or they tighten monetary policies and their currency becomes even stronger and you have a speculative bubble in the currency. So the Fed has put them actually in a very difficult position and I believe we are going to end up with bubbles in precious and to some extent in emerging economies’ real estate and equity markets and every bubble eventually bursts. It does not have to happen tomorrow. It could last another year, but the Fed is actually endangering emerging economies at the present time."

The whole world against the fed? LOL. Currency wars? Geezus, WTF will the fed think of next?
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