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

To: the navigator who wrote (5351)	3/21/2008 8:23:25 PM
From: Real Man	Respond to of 71456

Right, short term policies aimed to push the blame for the bad times on the next guy - the next president, the next Fed chairman, etc. Volcker was talking about the weak dollar, decreasing consumption, increasing exports, and that the process will be painful. Specifically, stabilizing the dollar so that the process can go on. He did not criticize the Fed for what they have been doing, even though it is quite orthogonal to his views, just put out his suggestions, including a suggestion for government mortgages through Fannie and Freddie to solve the housing mess. Ben should listen. Quote of the day: "The Fed and gov't are screwed - all options suck, and they're walking on a razor blade." Message 24426605