It is the least of the Fed's attention to add to the dollar's strength now. While a strong dollar is good, a very strong dollar will affect American competitiveness and help imports, Given that there are political tensions in Latin America and in the Middle East ( Tunisia, Egypt,Iraq, Libya) the dollar is a natural haven...Given that the QE in Europe will push the euro (as should anti austerity processions in Europe) down and that Japan, China, Russia, South Africa, and Brazil are in no good shape with price falls and other travails, Fed might hesitate a bit.
A little inflation may be an indication of growth; and would be better than a global deflation.
Without any risk or responsibility.
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