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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (360305)11/26/2007 9:06:31 PM
From: bentway  Read Replies (1) | Respond to of 1576379
 
Bernanke knows he's got to stop the decline of the dollar or one the foreign bagholders will start unloading bucks. If one of them does that, it could start a run on the dollar from the others who hold like 7 trillion of our IOU's and result in hyperinflation here and perhaps global recession.

On the other hand, our economy is pretty frail. If it wasn't, Bernanke would probably RAISE interest rates.

I hope he has the balls to do nothing, let us go into recession and take our medicine along with steps to correct our fiscal problems.

Whatever - the American party is OVER.