Thursday, Mar 13, 2008
Bernanke keeps to his 2002 script on how to avoid deflation
Bloomberg: Bernanke Playbook Gives Hints on Fed's Next Moves
"So, brace yourself for a Fed funds rate close to zero, interest-rate-free loans in exchange for a much wider range of debt collateral, and further dollar weakness. And, if Helicopter Ben sticks to the script, the Fed might even guarantee the value of two-year Treasury notes. Strange days indeed."
Posted by happyrenterz @ 10:43 PM (219 views) Add Comment
1 Comment
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1. alan said...
An insightful prognosis of the US situation.
It's obvious Trichet's calls for dollar stability are falling on deaf ears.
Expect the dollar to fall again.........