We are sinking; The dollar is going down fast. Greenspan will have to crank up the rate to stabalize the dollar - and fuel prices; but, how much room does he have before he pops the housing/credit bubble?
actually - that may well be the long term "solution" to the oil price - a Fed induced recession in the US, which will also throw china into recession.
??? Last March, it took about $1.35 USD to convert to 1 Euro. This morning, that conversion took about $1.23 USD.