Quote:
Originally Posted by competentone
What we had in October will be nothing when compared against the collapse of the dollar that is coming. (What the government has done in October is bringing on the dollar's collapse even faster.)
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Other scenario is having other currencies inflate, as well. The rate cuts in Europe are a step in that direction.
I say cut the crap and drop fed funds target rate to MINUS 4.0%. Anyone who does not buy commodities and housing will be forever priced out of the market. Renters will live in tent cities and Honda's while the Average Joe, with no hard assets, is forced to dumpster dive for food and steal gasoline.