toxic
03-14-2008, 05:56 PM
US Dollar (USD$) slipped 3.4% in last 2 weeks and FED-FOMC Bernake/Bush are going to cut the discount rate again next week (Tues?).
Does no one realize that this will drive inflation thru the roof in about 6 months?
Yes - they all know it, so the question is WHY are they doing it.
Maybe they think they can hold it off till after the election.
See the USD$ chart and remember it was 1.29 when Bush took office.
http://stockcharts.com/h-sc/ui?c=$usd,uu[m,a]daclyyay[de][pb50!b200][vc60][iub14!la12,26,9]
Does no one realize that this will drive inflation thru the roof in about 6 months?
Yes - they all know it, so the question is WHY are they doing it.
Maybe they think they can hold it off till after the election.
See the USD$ chart and remember it was 1.29 when Bush took office.
http://stockcharts.com/h-sc/ui?c=$usd,uu[m,a]daclyyay[de][pb50!b200][vc60][iub14!la12,26,9]