[Starwind]

Questioned on the dollar, Mr Snow said that the US policy had been misunderstood by many commentators, although not by the markets themselves.

Afterwards, Fed Chairmain Greenspan and Commerce Secretary Evans explained the 'Strong' dollar policy to Treasury Secretary Snow.

[HoundsTooth_BP]

You cannot expect interest rates to be at 40+ year lows forever.

The Fed has monkeyed with interest rates too long. It is time to let the markets work.

I have read that savings is at an all time low. Seniors have born this burden of low interest rates about as long as they can. In fact, in my opinion they have held the economy up and kept the stock market form crashing again.

[arete]

LOL. These guys are getting to be too much. Anyway, I think that they are sending Snow out there to play the fool and at the same time issue a warning to currency traders not to pile on the dollar as it declines. No doubt the authorities want it down, but they don't want it doing a "coyote" on them.

Richard W.

[Tauzero]

nyuk, nyuk