DSX Lover

The U.S. Dollar and the Limits of Irresponsibility

There's no Reason why the U.S. should have so much Debt in its Books.
Over $6 Trillion in Debt, is irresponsible for the richest Nation in the World. It should pay all of its debt and them become a Creditor Nation.
Then see what happens to the Greenback. The Bernanke move to accept all kinds of Leveraged assets with a haircut in exchange for Treasuries in the Discount Window is going to be remembered as one of the best moves in the FED's history. Not only is the Fed giving Treasuries at the lowest yield ever in history, but is also letting the Banks reliquify their Balance sheets with liabilities (Treasuries that are going to worth less, because there's a Bubble in these prices, and yields will go up), while their assets get repriced higher.