Good News / Bad News for the Dollar [View article]
This is typical Keynesian thinking.
Monetary stimulus is inflationary.
Having the government taking on 5T in mortgage obligations put the taxpayers on the hook for rising loan defaults. Since no politician will raise taxes to cover this, they're going to flush our currency down the toilet to cover the losses.
None of this is dollar bullish. It's dollar bullsh*%.
Good News / Bad News for the Dollar [View article]
Monetary stimulus is inflationary.
Having the government taking on 5T in mortgage obligations put the taxpayers on the hook for rising loan defaults. Since no politician will raise taxes to cover this, they're going to flush our currency down the toilet to cover the losses.
None of this is dollar bullish. It's dollar bullsh*%.