To Have and To Hold: Why a Bailout Would Weaken the Dollar [View article]
At this junction the only way to defend the dollar is to increase interest rates to the point where they are (real inflation % rate) plus 3%. All attempts to bail out institutions just result in more money growth beyond the uninhibited spending spree the government is on. As I think about this bail out its just one more reason we are now in the Age of Financial Discontinuity. What the Fed is doing and going to do is just going to come back and bite us. I try to look at the big picture and this is just part of a ongoing saga of self destruction. After we go thru the coming DEPRESSION perhaps some linear analysis can take place. Meanwhile keep you cash close to home out of the stock and bond market. You haven't seen anything yet IMHO.
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At this junction the only way to defend the dollar is to increase interest rates to the point where they are (real inflation % rate) plus 3%. All attempts to bail out institutions just result in more money growth beyond the uninhibited spending spree the government is on. As I think about this bail out its just one more reason we are now in the Age of Financial Discontinuity. What the Fed is doing and going to do is just going to come back and bite us.
Jul 11 12:08 pm
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All Comments by MarvinMBA »To Have and To Hold: Why a Bailout Would Weaken the Dollar [View article]
I try to look at the big picture and this is just part of a ongoing saga of self destruction. After we go thru the coming DEPRESSION perhaps some linear analysis can take place. Meanwhile keep you cash close to home out of the stock and bond market. You haven't seen anything yet IMHO.