I am surprised that people are not calling for change in Fed leadership. The guy just added three problems, and solved none. The new problems he added are: 1. return of inflation (which will make recession fighting more difficult). 2. instability in financial markets (dollar bouncing like a ball full of air). 3. Confidence of foreign investors/creditor to send their money to the USA and to lend. What did he gain from his action: ZERO! This man needs to be fired, on the spot (with a slap on his face). He spends more time taking care of his beard. People not calling for his removal as simply afraid of him, or of some group intimidating them. No CEO on the planet in entire history would have not been fired for the damage that this guy has done. Those who believe he has failed and are still silent are simply cowards.;
wow, I am not sure how to solve the mess we are in. Maybe there is no way out.. Dollar is not worth the parper it was written on, banks have no credibility. Pretty soon, there will be NO reason for anyone to pay the banks, no mortgage, no cc payments. Just get a gun and hold off the collectors.. There is half a nation in default. Anarchy.. pretty scary..
The dollar moved down in a few days an amount of pips it took a year and a half to cover before. This is not a good sign. If you hold foreign currency why investing in an economy when the exchange risk is much higher than any potential reward?