"economists say the possibility of a free-fall in the value of the dollar, while unlikely, can’t be entirely dismissed"
These are the SAME S***-SHOVELERS who are UNEXPECTEDLY SURPRISED all the time?
Yup, GLOBALIST PLAN PROCEEDING APACE!
And the MSM DISPARAGED and DISMISSED PEOPLE who have been SAYING THAT for a LONG TIME, MSM!!!!
"Bernanke says Fed will keep eye on sliding dollar; He pledges to keep interest rates low" by Jeannine Aversa, Associated Press | November 17, 2009
WASHINGTON - Federal Reserve Chairman Ben Bernanke said yesterday that the central bank will monitor the sliding US dollar, but he pledged anew to keep interest rates at record lows to nurture the economic recovery....
Bernanke is also trying to bolster confidence in the dollar without actually raising rates, which could short-circuit the fragile recovery. Low interest rates could put additional downward pressure on the dollar, however. And economists say the possibility of a free-fall in the value of the dollar, while unlikely, can’t be entirely dismissed.
That is NOT GOING to make CHINA HAPPY, and means ANOTHER WAR COMING SOON! That's what these guys ALWAYS DO during an economic crisis!
Still, low rates are needed to encourage consumers and businesses to spend more and fuel the economic rebound. That’s the dilemma for the Fed....
Translation: They have f***ed this thing up eight ways since Sunday!
Commodity prices, such as for oil, have risen lately.
Yeah, DESPITE SUPPLY being WAY, WAY UP!
That probably reflects a revival in global economic activity and the recent depreciation of the dollar, Bernanke said. Despite “cross-currents’’ in the outlook for prices, the Fed chief predicted inflation probably will remain “subdued for some time.’’
Well, he's been WRONG before, so... PFFFFFTTTT!
The sagging dollar has helped sales of US exports because it makes those goods less expensive on foreign markets.
Yup, BEING a SLAVE LABOR COUNTRY for OTHERS is a GOOD THING -- as is the DESTRUCTION of your currency, AmeriKa!
But if
Oooh, a DAILY DOUBLE of BAD WORDS!!!
the dollar were to plunge in value, it could ignite a new economic crisis in the United States, prompting investors to dump their dollar holdings and driving up domestic interest rates.
Yes, you will THEN BE ZIMBABWE, America! What do you mean WHERE?
“Bernanke is trying to use words - not interest rates - to prevent the dollar from going even lower,’’ said Jay Bryson, global economist at Wells Fargo Securities.
Yeah, he's USING HOT FART MIST as a TOOL!
That ALL HE HAS LEFT in his FIX-IT KIT, huh?
Bryson and other analysts said they did not think Bernanke was signaling that the Fed would join with central bankers in other countries to intervene in markets to strengthen the dollar. But that is an option for the Fed.
They way the write that means it is going to happen -- which, of course, will MAKE THINGS WORSE like EVERYTHING THEY DO!!!
China, the number one lender to the United States, which has racked up a record budget deficit, has expressed concerns that the falling dollar threatens the value of its existing US holdings.
Yeah, I MADE THAT POINT ABOVE!!!
China also is the third-largest market for American goods, accounting for 6 percent of US exports through September. Bernanke predicted the economy should continue to grow next year, but he warned of “important headwinds’’ that will restrain the recovery, including the weak job market and tight credit for small businesses and households. Those forces “likely will prevent the expansion from being as robust as we would hope,’’ he said.
I don't even like reading their s***-spew! It upsets me; can you tell?
I mean, it really upsets me, readers!
After a record four straight losing quarters, the economy started to grow again in the July-September period at a pace of 3.5 percent. Government-supported spending on homes and cars drove the rebound, raising questions about the staying power of the recovery once that assistance fades.
First of all, THAT STIMULUS was a LYING WASTE!!! What this is preparing the way for is a SECOND LOOTING, 'er, STIMULUS!
One of the biggest threats is rising unemployment. The nation’s unemployment rate bolted to 10.2 percent in October. It marked just the second time in the post-World War II period that the jobless rate topped 10 percent.
Yeah, somehow YOU are always LAST, American workers!!!
Related: Weak dollar, Bernanke give markets a boost
That SAYS IT ALL, doesn't it?
Could there be a greater disconnect?
Of course, DO NOT LISTEN to PEOPLE who were RIGHT!
"Stocks rose too much, too fast, professor says" by Bloomberg News | November 16, 2009
US stock prices have risen prematurely and for no justifiable reason in the past eight months, New York University professor Nouriel Roubini, who forecast the global financial crisis, said on Israel’s Channel Two television yesterday.
Related: From Recession to Depression
“Since March, stock prices in the US have gone up too much, too fast, too soon, and for reasons not fully justified by the economic fundamentals,’’ Roubini said. He recommended keeping money in cash or in short-term government bonds....
All I have is the few thousand left from the retirement account. I'm fucked!
--more--"Actually, we all are, America.
"Gas prices hover near their ’09 highs" by Associated Press | November 17, 2009
Because YOUR DOLLAR is CRATERING, America!!! SUPPLY is UP!!!
And THIS after MONTHS of the "economic experts" saying oil can't go any higher!
NEW YORK - Gasoline prices remained near their highs for the year yesterday as a weaker dollar and rising global stock markets boosted oil prices.
Prices at the pump fell 0.4 cents overnight to $2.631 a gallon, according to AAA, Wright Express, and Oil Price Information Service. That is down 6 cents from the peak of $2.691, reached Oct. 30. But the gap between now and a year ago continues to widen. Prices are 52.6 cents higher - about $25 more a month for a typical driver - than last year at this time, when gasoline prices slid along with oil prices as the recession took hold. Higher prices for gasoline come even as demand for oil and gasoline remains soft....
Yup, the LAW of SUPPLY and DEMAND is NO LONGER OPERATIONAL for you, America! That is why you are finding it SO DIFFICULT these days!
For most of this year, oil prices surged as investors pumped money into crude contracts to protect themselves from a weaker dollar. Oil was seen as a safer bet, with demand expected to rise next year as the world’s economies begin to recover....
Yup, recovery on the way they say.
And if YOU DON'T THINK you are being GOUGED, America:
"Oil prices increase ahead of Thanksgiving demand" by Associated Press | November 19, 2009
NEW YORK - Oil prices increased for the third day in a row as the dollar weakened and AAA reported that more drivers are expected on the highways this Thanksgiving weekend....
The weak dollar has helped boost oil prices most of the year. Crude prices, which are priced in US currency, tend to rise as the dollar falls and investors holding strong international currencies get more buying power.
PRICES RISE HERE, 'murkn!
A gallon of gas is 56 cents more expensive than at the same time last year.... hardly a sign of a recovering economy....
You are NOT TELLING ME anything new there!
Some analysts expect weak global economic growth to keep commodities like oil from surging much higher.
Yeah, and in the PRECEDING ARTICLE they see FAST GROWTH!!!
PFFFFFT!!
Btw, these same analysts have been saying oil can't go much higher for MONTHS now!!!!
--more--"
Yeah, HAPPY THANKSGIVING, America!
And they wonder why we are furious?
