Posted on 11/11/2009 5:42:00 PM PST by FromLori
The U.S. dollar has so far had an orderly depreciation, Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.
"Thus far the dollar has not been in a disorderly depreciation," Fisher told reporters, when asked about the carry trade.
In a speech earlier, Fisher warned that the Federal Open Market Committee would craft an appropriate response if the carry trade proved disruptive to currencies and securities.
He said he was aware of risks the FOMC ran of fuelling the trade by stating the Fed would hold its funds rate at exceptionally low levels for an extended period.
(Excerpt) Read more at reuters.com ...
>> In a speech earlier, Fisher warned that the Federal Open Market Committee would craft an appropriate response if the carry trade proved disruptive to currencies and securities.
BS.
The Fed has never had a clue about responding appropriately.
Plus, with the New Bambi World Order, they’re beholden.
This will not end well.
If the depreciation becomes disorderly, there is a technical expression for that. The word is "panic".
Did you see this on gold yet?
“The U.S. dollar has so far had an orderly depreciation, Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.”
Just like a little leak in the Titanic........
Saw it. They dug their hole. Now they have to dig their way out of it.
Talk about killing off old people, what do people on fixed incomes do when they cannot afford to live.
If they die it will help them make their socialized health care a success I suppose.
http://bluelori.blogspot.com/2009/11/greenback-congressman-parody-song-on.html
What we need is a strong Dollar not a weak one and Interest rates have to rise.
What we need is a strong Dollar not a weak one and Interest rates have to rise.
But..but....this time they are going to get it right.
Honest.
They said so.
I know but bernanke won’t do it he is supporting obama’s agenda.
http://www.nakedcapitalism.com/2009/05/guest-post-keynesians-please-exit-stage.html
I’M SO HAPPY MY WEALTH IS BEING STOLEN IN AN ORDERLY FASHION!!!!
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