WILL US UNEMPLOYMENT STAY OVER 10% FOR THE INDEFINITE FUTURE...?
IT APPEARS LIKELY... NO ONE CAN REALLY SEE ANYTHING POSITIVE FOR THE US ECONOMY...EXCEPT BERNANKE'S PRINTING PRESSES...AND THE WILLINGNESS OF WALL STREET TO USED THAT LIQUIDITY TO BID UP PAPER ASSET PRICES...
OF COURSE NO ONE WILL TOUCH THE DOLLAR BECAUSE OF THIS FED HOPE AND PRAYER FOR HYPER-INFLATION OF US ASSET PRICES...
THE DOLLAR WILL BE A SECOND CLASS CURRENCY SOON...THEN AMERICAN INTEREST RATES WILL BE RAISED BY THE BANK OF CHINA...NOT THE FED...
BUT THUS IS THE FATE OF ALL SECOND RATE ECONOMIES...!
ONLY GOLD SEEMS SAFE AT THIS DISMAL TIME IN OUR ECONOMIC HISTORY.
