This may be so:US Federal Reserve chairman Ben Bernanke's need for lower interest rates to stimulate the US economy conflict with the Treasury's need for a strong dollar to deal with runaway oil prices. The Fed should recognize that its actions are misguided. The potential harm of a sustained weak dollar can make the credit crisis look like a minor storm.
... or it might not be so but one thing is for sure - the Morgan Fed is either incompetent or evil.
Take your pick.
I hate having to repeat myself.
ReplyDeleteWhen given a choice of incompetent or evil the answer is always:
It's both.
The BOE has adopted the same damn stupid strategy. A lesson for us and the Americans about who the government really serve - I wonder if it will actually sink in this time?
ReplyDeleteRight, Bag.
ReplyDeleteWill it sink in, Wolfie? Realms of speculation.