The FED is finished raising rates... The collapse in housing and construction continues apace...
While the dollar now seems stuck permanently over 130 on the Euro.
And there are predictions of the return of "inflationary" $3 gas coming soon...
The real issue for the FED is will higher rates bring the dollar back...or is it too late.
The notion that a weaker dollar will help the trade deficit seems to be questionable since the US simply doesn't make that much that can be exported these days...
Yes, there are American "financial services" but the Bank of China controls all the money these days...! And the foreigners don't really need American help in creating asset bubbles... I'm sure they can handle that on their own...!
In truth SO MUCH is imported to the US consumer that a weaker dollar could INCREASE the trade deficit....as Americans simply have no other place to buy manufactured goods from now EXCEPT CHINA...and other low wage manufactuing centers.
THE FED IS DEALING WITH AN ECONOMY THAT IS ESSENTIALLY HOLLOWED OUT... AND IS TOTALLY DEPENDANT ON THE KINDNESS OF FOREIGN CENTRAL BANKS AND LARGE MULTI-NATIONAL CORPORATIONS...
BUT THIS IS THE POLITICS AND ECONOMICS THAT THE AMERICAN PEOPLE FREELY CHOOSE...
THE AMERICANS VOTED FOR "JESUS"...AND NOW THEY'RE POOR....
WHY HAVE ANY SYMPATHY FOR IGNORANCE ON THIS SCALE!
SO WHEN DOES JESUS BRING THE PORK CHOPS...?
