FED PROMISES TO WAIT UNTIL IT'S "TOO LATE" TO POP THE CURRENT ASSET BUBBLES...EVEN AS THE DOLLAR PLUNGES MORE...
IN OTHER WORDS...BERNANKE HAS THE SAME "BUBBLE BLINDNESS" THAT CAUSED THE GREENSPAN CATASTROPHES...
LIKELY BENANKE FEARS POPPING THE DANGEROUS "BOND BUBBLE"...AND IS WILLING TO LET THE ASSET BUBBLE CONTINUE TO AVOID A BOND MARKET COLLAPSE...
REMEMBER, ANY INCREASE IN INTEREST RATES WOULD BE MASSIVELY NEGATIVE FOR THE BOND BUBBLE...