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To: GeronL

Your comment has no bearing on reality. With a massive deflation like is occurring there in no devaluation of the dollar going on here. Not only has the dollar been increasing versus the Euro but even the metals index has dropped way off of recent highs.

Given the drop in credit demands and tightening of debt requirements it is likely that monetary aggregates have fallen of late.


25 posted on 02/10/2009 9:25:20 PM PST by arrogantsob
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To: arrogantsob

they are going to print up TARP2. no one will buy that debt.


26 posted on 02/10/2009 9:26:31 PM PST by GeronL (please stand by...)
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