The Fed Continues to Operate Blindly

Diskusjon om økonomisk teori, forretningsvirksomhet, aksjehandel, o.l.

The Fed Continues to Operate Blindly

Innlegg Per Arne Karlsen 29 Sep 2009, 19:23

The Fed Continues to Operate Blindly By John Tamny

http://www.realclearmarkets.com/articles/2009/09/29/the_fed_continues_to_operate_blindly.html

And while it can't be stressed enough that questions of the dollar's value have always been the preserve of the U.S. Treasury, the combination of a clueless Fed and an Obama Treasury that clearly has no trouble with the dollar's debasement continue to weigh on the greenback's value as evidenced by the gold price. Due to signaling from U.S. monetary authorities that the dollar's decline doesn't concern them, "Benign" dollar neglect is sowing the seeds of yet another financial crisis.
Per Arne Karlsen
 
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