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

To: ggersh who wrote (55048)	3/26/2014 1:50:43 PM
From: maceng2	1 Recommendation Recommended By ggersh Read Replies (1) \| Respond to of 71479

Seemingly we don't need to be geniuses to know whats going on... The Bank of England governor, Mark Carney, said it "did not take a genius" to see that a long period of low interest rates created similar risks to those that led to Britain's deepest post-war recessions and said the Bank had to focus on more than keeping inflation low, a goal he said had become a "dangerous distraction". He said the old model "failed to recognise that financial stability is as important an objective of macroeconomic policy as price stability, and it downplayed the inter-relationships between the two". Carney warned that the pursuit of price stability could lead to the gradual build-up of financial vulnerability through its effect on the willingness to take risks. Gordon Brown gave the Bank control over interest rates when he became chancellor in 1997 but stripped it of much of its power to supervise the City by simultaneously setting up the Financial Services Authority. By contrast, Osborne has given the Bank a range of new powers, including strategic oversight of the City and supervision of individual banks – a decision praised by Carney on Tuesday night. theguardian.com So what about pumping loads of cash into the economy via "quantitative easing". There are risks involved, or should the word "risks" be substituted by "inevitabilities" ? en.wikipedia.org I think the latter.