Intense Inflation Pressure: Fed, Bank of England Have Their Hands Tied [View article]
“I don’t think you can interpret what’s happening with energy as a temporary shock.” -- William Poole. He is exactly right.
Economic output, interest rate differentials, etc. are merely short-term influences. The $7 trillion dollar current account deficit drives the exchange rate of the U.S. dollar. icandoitdon is exactly right.
Dollar's Fall Could Be Limited as Fed Signals Rate Pause [View article]
The exchange value of the dollar, and it's accompanying trade deficit, fuels the superfluous and prudential E-dollar market...it is inevitable, the E-dollar market will collapse which will bring down dollar denominated assets, and the Federal Deficit & the U.S. dollar will be repudiated.
We can expect a vicious level of stagflation that will become an enduring feature of our economic landscape. And the United States will be forced into a high degree of economic isolation, operate under a command economy and perhaps into an increasingly totalitarian mold. Buffett is wrong. Eventually there will be a flight from the dollar precipitating hyperinflation.
Intense Inflation Pressure: Fed, Bank of England Have Their Hands Tied [View article]
Economic output, interest rate differentials, etc. are merely short-term influences. The $7 trillion dollar current account deficit drives the exchange rate of the U.S. dollar. icandoitdon is exactly right.
Dollar's Fall Could Be Limited as Fed Signals Rate Pause [View article]
Dollar's Fall Could Be Limited as Fed Signals Rate Pause [View article]
Buffett Foresees Dollar's Long-Term Decline, Seeks Acquisitions Overseas [View article]