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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (36040)3/12/2011 9:43:46 AM
From: ggersh  Read Replies (4) of 71442
 
Fed is losing it. -g-

blogs.wsj.com

The central banker told the audience “I certainly acknowledge food prices have gone up.” But he added some prices are lower and noted “Today you can buy an iPad 2 that costs the same as an iPad 1, that’s twice as powerful,” as an example of favorable price dynamics. His example was greeted with widespread grumbling in the audience, in a display of conspicuous discontent unusual for a Fed speaking event.
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