Brian in Montreal

A Fed Rate Hike Won't Solve the Current Crisis

I don't agree that the dollar is moving oil, heggies maybe, however the FED can talk about raising interest all they want. Up here in Canada the banks seem to have more control, we didn't drop interest rates much, and mortages still went up. Maybe the U.S. banks like that idea. Let's raise rates and raise mortage rates even more, since they can now borrow for less than the price of inflation, (like drunks at an open bar so to speak).

By the way, comments on POT being cut were very interesting over on David Fry's Market outlook.