Rydz777
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Fri Jan-11-08 12:53 PM
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6. Yesterday Bernanke signalled another Fed Rates cut. That will |
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push the dollar even lower. Years ago when Bernanke was still a professor he said he would throw dollars out of a helicopter to prevent recession (he became known as "Helicopter Ben"), and that in effect is just what he is doing. We may avoid recession but at the cost of higher and higher inflation. Food and fuel will cost more and incomes will not keep up.
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