Asbytec

Is Bank of England Cutting Interest Rates?

Everything I read says the Euro Zone will ease, with inflation expected to drop as you said. I suspect they will act this week. I am counting on it.

Rescuing the U.S. Dollar

Yep. Keep the credit markets open so we can continue to spend. We can get deeper into debt by borrowing our own tax dollars. What's left? Our productive assets, our homes, and our gold are all pawned off.

Rescuing the U.S. Dollar

Well, it's mute now. The bail out, er, I mean buy in plan failed. We're in uncharted waters. We've been there before. There's rocks on the shore.

If there were some way to let the banks fail and survive, I would vote for that. It was credit that got us in trouble. Remember the plethora of credit cards we all got in the mail?

It seems kind of strange congress and Paulson wanted to give the banks our money so they could in turn lend it back to us so we can get deeper into debt...keeping the debt economy flowing.

Why don't we just give each American half a million dollars and let them pay off their homes? Let the money trickle up for a change. There's an email going around to that effect and it's beginning to make sense.

As for what it means for the dollar? Your guess is as good as any. But we need to take it in context. Europe is in trouble, too. So, let's see what happens to the troubled euro and pound.

But, yes, the massive derivative market has inflated the dollar beyond Fed control.