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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus_Long who wrote (44834)7/23/2003 1:14:23 PM
From: zonder  Read Replies (1) | Respond to of 57110
 
Bernanke TOLD YOU he was going to drive the $ down!

Yes, he did. Many thanks for that and may he be prepared a corner in heaven with flowing wine and many houris for that :-) We have been short the USD against pretty much all currencies ever since his infamous November 2002 speech where he talked about printing money.

The "feel good" market doesn't match its actual prospects?

Obviously. Imho, of course.

I especially fear the consequences of flat out lying to the investors with all this "deflation" crap. Real interest rates pretty much at all time low NEGATIVE levels, and all that. As the article you have posted points out.



To: Lazarus_Long who wrote (44834)7/23/2003 2:19:24 PM
From: NOW  Read Replies (1) | Respond to of 57110
 
"If there were deflation, long-term interest rates would already be low and falling; there would be no need to lower them further"
This is not neccesarily true at all.