Gigem77

A Surprise in Store for the Dollar?

The US manipulates their inflation data (CPI) and this masks the reality of negative GDP. The BLS has become the "Ministry of Truth". Even this heavily massaged data is going to show a CPI gain of +.7% this week. The PPI is expected to be +1.3%. Meanwhile, FRE and FNM are in deep trouble. They have over 1.5 trillion in direct debt. Freddie is ``insolvent'' under fair value accounting rules, according to former St. Louis Federal Reserve President William Poole. LEH fell 40% last week. What happens if they go under? Throw in Indymac causing loss of confidence in the banking system and one could conclude that the dollar is in deep trouble. Gold blew through 960 Friday. Crude is almost to 150. Let's see what kind of "surprise" the fed and treasury can script.