icandoitdon

Intense Inflation Pressure: Fed, Bank of England Have Their Hands Tied

'The death of the american dollar does have one positive. It will now be better for businesses who sell goods overseas and operate in the US'

sorry my friend, but this kind of snake oil has been sold for years by self-serving multinationals who can't otherwise compete (american auto manufacturers come to mind) and fat, lazy and ignorant politicians of both parties who are scared to death about bringing fiscal discipline to their constituencies who don't have a pot to piss in but do vote.

name one country that has ever become more prosperours over time by debasing it's currency...just one. you can't.

US Dollar: 5 Reasons It Will Not Hit a New Low

one more point...

low rates were also designed to rescue the stupid bankers who threw good money after bad as housing reached unsustainable heights. he should have let them eat their own cooking. those who could issue new capital would survive. but he didn't want to have the stigma of major bank failures on his watch. the irony is that he could end up with that anyway.....

US Dollar: 5 Reasons It Will Not Hit a New Low

jackh....

i lived through the 70s too. i long for the days of anyone on the fed to show the courage that paul volker had. he was a tough guy who made us take the medicine we needed to take. bernake couldn't carry his water.

having said that, bernake inherited a near-impossible situation from his idiot predecessor. the mistake he's made, in my view, is believing that exceedingly low interest rates would solve the housing problem, which it hasn't and won't. he ended up with a currency problem, a commodities problem, an inflation problem and a credibility problem instead. bad trade.

US Dollar: 5 Reasons It Will Not Hit a New Low

with due respect to ms. lein, bernake didn't get the moniker "the helicopter" for nothing. our real interest rates are about 2% negative and we're the only major player in the world in that position. we're the ones out of sync. and bernake is an inflation hawk? i don't think so...

The Push for a Stronger Dollar

bush and bernake would like a strong dollar.

i'd like someone to give me a paid vacation for two.

hope is not a plan. nor will it influence currency traders who understand that the united states will not raise interest rates until housing stabilizes, banks have recapitalized and their bad assets have been substantially written off. period.