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Global Macro Trends in Eight Charts: The Next Crisis Will Be in Currency

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Global Macro Trends in Eight Charts: The Next Crisis Will Be in Currency

The Fed can continue to post collateral with the Treasury to continue its above said activities. The amount of income received by AIG, Fannie and Freddie each day makes the press hum. It is easy street for the Fed when you dont have to mark liabilities. I dont expect anything to change for a long time. We can expect asset bubbles, but this is going to be a multi-year biggie. I dont see how the Central Bank can get out of this one, since they have lost control of short rates! It is suicide to allow long rates to "tick-up" and no way a depression acedemic will ever risk it! I feel like a crew member of the pinta or santa maria. Its a sin to expect dollar carry to grease the economy. I feel for younger pensioners.

Pending Fed Rate Decision, Dollar Loses Steam

Just because the credit is being pumped into the system doesnt mean it is reaching the economy. This credit is targeted to the banks balance sheets. The fed is restricting credit for growth. The banks are hoarding the liquidity. An example would be mae and mac.It would be better in long run to allow the foreclosures to continue. Having the government on the hook for the asset, and bakstopping the loss is easy street for the mortgage holder. Just empty the house and move on. A rate cut would help the I-banks balance sheets and since they have tied themselves together, if one fails they all go down. This economic blackmail has no end. It would be better to enter a sweepstakes on naming the new system than to worry about what if's. Take 2% down to zero what the heck? Its F'N over, over over over over get it?