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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35677)	6/12/2008 10:26:04 AM
From: Roebear	Respond to of 217551

True enough, if I can't be good, I must be nimble, ggg.

To: TobagoJack who wrote (35677)	6/12/2008 1:00:07 PM
From: elmatador	Read Replies (1) \| Respond to of 217551

Fisher worried about inflation effect of weak dollar: CNBC By Laura Mandaro Last update: 3:51 p.m. EDT June 9, 2008Comments: 5 SAN FRANCISCO (MarketWatch) -- Dallas Fed President Richard Fisher said Monday said he was worried about the weak dollar creating a "negative feedback loop" by raising prices and cutting into growth. "I think the inflationary impulses we have are beginning to dampen economic activity," he said in an interview with CNBC. Fisher agreed with a colleague's comments that a tighter monetary policy may be needed to counter global inflation. "I think it's something global monetary authorities will have to come to grips with. The question is how and when." Fisher, a voting member on the Fed's rate-cut panel this year, said he understood why the European Central Bank has avoided raising interest rates. ECB President Jean-Claude Trichet "has a 10-year old currency, he has to establish credibility." Comment Nr. 01: Time is coming that the World will throw dollars right back in our face. Thank you Messrs. Bush, Cheney, Bernanke, Fisher and company. You worked hard for that Reply to comment Nr. 01: That has very little to do with the people you mention. Those policies were put in place in 1913, 1933 and especially in 1971 when the dollar was collapsing and they saved it with oil sales on dollars by OPEC. Why do you blame them for trying to delay the collapse one more time as the rest have done before them in both parties? If anyone needs to be blamed it is Greenspan as he was the one that destroyed the work Volcker had done. Do you not understand that the dollar is tied to oil sales and if they drop, and demand for dollars fall, the dollar will fall in value no matter what President is in office or what Fed chairman is in that position. The U.S. cooked it goose decades ago and all we have been doing in administration after administration is try to keep the dollar from collapse. It used to be easier because we were the largest consumer in the world. Now, even with oil, we are only 24% of oil consumption. China, alone, is the largest consumer of all raw materials except oil. That is not the fault of Bush or Clinton or Bush 1 or Reagan. It is the fault of 70 years of bad policies that made us uncompetitive. marketwatch.com