[Toddsterpatriot]

No it is time to raise rates to help shore up the value od the dollar and keep inflation at bay.

Exactly! Who cares if we have a recession, as long as the dollar is strong. How does the dollar do during recessions? You do any research on that?

[Hydroshock]

It would pleasantly surprise me if we could avoid a recession, but at this point I think it is is unavoidable.

[RockinRight]

I’d rather have $1000 inflated dollars than zero uninflated dollars...

[chilepepper]

its not about "making the dollar strong" - its about keeping the dollar as the worlds reserve currency - believe me, its *really* important to the US economy that it remain so...

US dollars being used for a business deal between people who may never, ever set foot in the US keeps US inflation low.

if there is capital flight because the dollar is perceived as worthless, it *will become* worthless as overseas dollars fly home and crowd out the dollars already sloshing around in the US...

that will truly be armaggedon.

the US just narrowly missed Saudi Arabia uncoupling from the US dollar this week. if they had, we could have had a meltdown on the dollar - check the charts - check the LIBOR - check the price of gold - check the Canadian Loonie achieving partity with the US dollar - check the price of OIL - the increase is due not so much inflation or supply problems: its price is much flatter in EUROS. check the Dollar index - it dropped to 78.10 or before it bounced back to 78.50 or so, after the Saudis were *coaxed* and warned about uncoupling...

[Pelham]

You tell’em, toddster- no need for those nasty recessions. The New Paradigm rules! No more business cycle! Prosperity will increase forever.