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

To: Giordano Bruno who wrote (7025)	5/6/2008 11:39:50 PM
From: John Vosilla	Respond to of 71456

<<"The bigger concern is that these increases are beginning to generate an inflation psychology to an extent that I have not seen since the 1970s and early 1980s," he said. Hoenig fretted further that "there is a significant risk that higher inflation will become embedded in the economy and require significant monetary policy tightening to reduce it." He tied rising prices primarily to overseas factors, including a "sizable decline" in the U.S. dollar's value.">> nice to see regional federal reserve members finally are admitting this given the BS that comes out of DC from Paulson, Bush, Bernake, ect... recession number two will be the real doozy, perhaps by 2012-13, after inflation gets out of control..by then no one will be talking about deflation, the housing bust or credit bust as a major concerns.. LIG please bookmark this post and pass to best buddy Mish<g>