The notion that the FED can ignore CLEAR TRENDS for a weaker dollar is irrational.
Sooner or later the FED will have to defend the dollar OR experience a disasterous inflation caused NOT BY a strong economy, or the usual suspect a strong labor market, but rather by a WEAK CURRENCY...
A WEAK CURRENCY IS THE CAUSE OF NEARLY ALL MACRO ECONOMIC DISASTERS...YET AMAZINGLY THE MEDIA AND EVEN THE ECONOMIC ESTABLISHMENT TEND TO "FIND" FALSE, BUT MORE POLITICALLY ACCEPTABLE, EXCUSES LIKE WAGE INFLATION, OPEC OR SOME OTHER NONSENSE.
THE WEAK DOLLAR WILL BE THE STORY OF 2007... JUST SIT BACK AND WATCH...
