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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (3722)	1/29/2008 10:58:21 PM
From: Real Man	Read Replies (1) \| Respond to of 71475

And so does the Fed and BIS, by the way. clevelandfed.org "According to our panel, the biggest international risk to U.S. monetary policy is the prospect of a “hard-landing” adjustment to global imbalances, one consisting of a rapid, broad-based depreciation of the dollar and a rise in domestic real interest rates. The adjustment process—depending on how rapidly it might unfold—could easily complicate monetary policy. This would be especially true if it occurred when the System needed to ease monetary policy in the face of softening domestic demand and if the central banks of other major developed countries were simultaneously tightening their monetary policies; under these two circumstances, domestic policy might actually accelerate the adjustment process and harden the landing."