THE DOLLAR...WHICH SOARED IN THE MIDDLE OF THE YEAR...IS BACK ON THE ROPES WHERE THE FED WANTS IT...
THE 2010 PREDICTION HERE THAT THE DOLLAR WOULD GO TO 160 ON THE EURO...MAY YET BE TRUE...
WHAT THE FED IS DOING TO THE US ECONOMY IS UNPRECEDENTED....BUT THEY ARE DESPERATE TO KEEP ASSET PRICES HIGH... EVEN IF THE REAL ECONOMY IS A HOLLOWED OUT ZOMBIE...
THERE IS SOMETHING CREEPING UP ON THE FED AS IT TARGETS THE DOW EVERYDAY...AND THAT IS OIL... AND TO A LESSER EXTENT GOLD...
GOLD IS THE YELLOW CANARY IN THE CURRENCY MINESHAFT...
BUT GAS IS BOUGHT AT THE PUMP EVERYDAY...AND HAS REAL ECONOMY CONSEQUENCES....
AS OIL SOARS EVERYDAY...THE QUESTION IS WHEN DOES FUEL COST GRAP THE ECONOMY BY THE NECK...YET AGAIN...
BERNANKE HAS VERY LITTLE TO WORK WITH IN THIS ECONOMY...BUT THE WALL STREET SPECULATORS ARE CONVINCED THAT HE WILL DO WHATEVER IS NEEDED TO KEEP STOCK PRICES RISING...
EVEN TO THE POINT OF HYPER-INFLATION...
PREDICTION...THE FED WILL NEVER RAISE RATES AT THIS POINT... ONLY THE SPECTER OF HYPER-INFLATION WILL STOP THE FED...BUT BY THEN IT WILL BE TOO LATE..
