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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Maloney who wrote (417882)9/22/2011 11:13:52 PM
From: Rarebird1 Recommendation  Read Replies (2) of 436258
 
The Fed isn't going to print money anymore. That means that dollars are going to get scarcer. That means that rates will be low and dollars will go up in value. For America (if not Wall Street), this is great.

If you have a dollar-denominated account, your wealth is rising even if you're not short the euro or anything like that. The amount of goods and services your dollars can purchase is going up with the dollar.

The end of Crony Capitalism is certainly near at hand - and thank goodness for that. The plutocrats of the world will soon have nowhere to hide.
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