Quote:
Originally Posted by TheMaster
yes, and to fight inflation, you have to raise interest rates, like the European Central Bank has just done, but the Fed is actually making inflation worse by lowering interest rates and making the dollar even more unattractive
McCain some weeks back thought it would be good if interest rates were at 0%, IDIOT then everyone will sell their dollars, jeezes and this guy might become president
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The fed has every cause in the world to lower the usd :
All outstanding treasury debt is denominated in USD.
All federal reserves (bullion, strategic commodity reserves, foreign bills and securities) are NOT denominated in the USD
A weaker dollar will hurt imports.
A weaker dollar will boost exports.
Weaker dollar = goodness x4.