THE PROBLEM WITH A WEAK CURRENCY IS THAT IT DOES "HELP EXPORTS" BUT THE ONLY THING THE US EXPORTS IS IT'S JOBS AND IT'S CURRENCY...!
AND UNDER THOSE CONDITIONS A WEAK CURRENCY IS A DISASTER!
THE PARTY IS OVER!! BERNANKE HAS FALLEN INTO THE "WIEMAR REPUBLIC" TRAP WHERE NOT DEFENDING YOUR CURRENCY SEEMS LIKE A GOOD IDEA!!
IF BERNANKE HAD ONLY GONE FOR 25 BP...THERE MIGHT HAVE BEEN SOME HOPE...THAT IT WAS STILL "CENTRAL BANKING" THAT WE WERE SEEING... NOT BLATANT PANDERING TO THE SPECULATORS ON WALL STREET...
BUT WHO DID YOU THINK RAN THE AMERICAN ECONOMY!! THE SPECULATORS!
IT'S OVER FOR THE DOLLAR AND FOR THE FED...!
