| | | Taro, Why do you believe the Swiss just detached their precious currency from the Euro, pin-head? We all know Ted's in serious denial, but this also points to a troubling trend in the global economy.
With Europe now trying to devalue its currency, there will be pressure on the Fed to not raise interest rates later this year. Otherwise the dollar will just grow too strong vs. the Euro, and we all know that left-wing "economists" (cough cough Krugman) hate that.
There is also a growing concern that the U.S. markets will react negatively to any tightening moves by the Fed. This could expose how fragile the U.S. economy really is, and that's not something that Obama wants to happen on his watch.
Let's not forget that gas is cheap these days. That's going to put a lid on inflation for the time-being. Of course, cheap gas won't last forever, but why look a gift horse in the mouth?
Bottom line is that the Feds, with the blessings of the Obamanation, will continue artificially pumping this economy until it all collapses. Obama can only pray that it will collapse after he leaves office, just like it did for Bill Clinton, but that's a pipe dream.
Tenchusatsu |
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