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The only post here which shows someone with economic knowlege is SWRichmond.
Jun 15 01:40 am
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All Comments by DRumsfeld »Week in Review: Dollar's Biggest Advance Vs. Euro in 3 Years [View article]
Look at this:- patrick.net/housing/co...
Bernanke is talking the talk but he will not walk the walk. The markets in the short term will let the Dollar rise as they want to trade and make money. But in the Autumn they will test his resolve and he will not be able to raise interest rates enough without killing the financial and housing markets.
Bernanke has stated that he will do everything to prevent deflation. Raising interest by more than 0.25%(very unlikely) is not going to happen. The Dollar is going to fall a lot lot further. As for oil, this will continue to rise. Who is going to win -the markets or the Fed: no contest, the markets.