Gerald

Sliding Dollar Turns U.S Into World's Discount Mall

At what point does the Federal Reserve become accountable for failing to protect the value of the US$? Nobody can stop economic cycles and so it is an understandable natural phenomenon for countries to go into recession periodically. However it would appear to be reckless to lower interest rates when interest rates are already low by historical standards and commodity prices are raging like fire. Money lost on real estate and subprime mortgages cannot be recovered and there is really no way to repair the situation unless we can go back in time.