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The damage to the dollar doesn't have so much to do with Bush as it does with the massive deficit spending that nearly every politician at the national level ha
by pmorici 18y ago
The damage to the dollar doesn't have so much to do with Bush as it does with the massive deficit spending that nearly every politician at the national level has been complicit in during the past 8 years. The new president's term will be no better with respect to the dollar unless something changes in that regard.
Also since the Fed's interest rate is zero for all practical purposes how do you suppose it can do much more to increase the money supply? They have over used their main tool and kept rates too low for two long which created over investment in the housing market and caused this pickle to begin with.