KRUGMAN'S CONTENTION THAT WE HAVE BEEN "SAVED BY THE FED" AGAIN...IS A LITTLE MISLEADING....
AFTER EVERY CRISIS THE DOLLAR HAS BEEN WEAKER...AS A RESULT...
FROM THE OUTSIDERS POINT OF VIEW THE US MARKETS HAVE BEEN A DISASTER...AS THE DOLLAR HAS PLUNGED AGAINST THE EURO...
GOLD, THE ONCE MEDIEVEL RELIC...HAD SOARED....
AND RECORD HIGH GAS PRICES SEEM ONLY TO BE GOING HIGHER....
THE FED MAY HAVE SAVED THE SPECULATORS AND THE INVESTMENT BANKS...BUT THE REAL MANDATE TO PROTECT THE ECONOMY AND THE PEOPLE IN IT...HAS BEEN COMPLETELY IGNORED...
