That will never happen, they will make you pay for their mistakes. Watch and see. Best way to get even is buy the US indexes on pull backs, join in the fun.
. October 31, 2007 SouthAmerica: Ben Bernanke probably will lower the Fed Funds rate by another ¼ point on this meeting of the Fed â unless he gets another call from Wall Street asking for a bigger bailout like the last time. In that case he would cut the Fed Funds rate according to the fire that he would be trying to put out. In the meantime the US dollar will continue its decline against the euro and other major world currencies such as the real. When the US dollar is losing so much value against a small currency such as the Brazilian real â then you know the US dollar is in a very deep trouble. What makes it even more amazing to me it is that the US dollar is losing its value against the Brazilian real based on a free-floating currency market! I wonder what is the level of the US dollar in relation to the euro and some other currencies that will trigger a massive exodus from the US dollar? The Brazilian real was trading at $ 4.00 reais to US$ 1.00 about five years ago around the time of Lulaâs election. Today the Brazilian real is trading around $ 1.75 real to US$ 1.00 Ben Bernanke and his continued series of Fed Funds rate cuts will help to push the exchange rate between the Brazilian real and the US dollar in the coming months to the range of $ 1 real = US$ 1 Maybe before George W. Bush leaves office in January of 2009 the rate of the Brazilian real versus the US dollar will reach the level of $ 1 real = US$ 1 The way things are going it looks reasonable for anyone to expect that the Brazilian real it will reach the 1 : 1 ratio versus the US dollar in the near future. If that happens that means that in 6 years the value of the Brazilian real versus the US dollar would have gone from a ratio of 4 : 1 to a ratio of 1 : 1 Now based on such a exchange rate performance which reflect the economic realities of both countries during that period â the president of one of these two countries has only a 4th grade of formal education and that is a fact â between George W. Bush and Luiz Inacio Lula da Silva which one of the two presidents is that president? I am sure most people would pick George W. Bush since he has been performing as US president as if he had just a 4th grade education. .
. August 22, 2008 SouthAmerica: Ben Bernanke is in La La Land. I wonder in which country Ben Bernanke is talking about? Inflation is exploding all around us in our area of the country and the price of just about everything is going out of sight. In our area of the country there is no uncertainty about inflation â since inflation is going through the roof. ******** Reuters â August 22, 2008 Federal Reserve Chairman Ben Bernanke on Friday called the U.S. inflation outlook "highly uncertain," and said central bank policy-makers would do what they must to preserve price stability. At the same time, he called a recent decline in commodity prices and stabilization of the U.S. dollar "encouraging." .
Bzzzt...he's wrong Johnny..but tell him what he's won! "He's won several more years of staglfation and maybe an inflationary depression!!!" Sorry SA, but the solution is to double the overnight rate and then double it again... We have to slay the inflation dragon, eliminate the moral hazard, and let big companies fail instead of socializing their losses.
he's married to some crap ideology. my guess is at some point he will forced out, but thats probably two years from now