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The Fed is not just "fooling around" like some staggering alcoholic - although I'm sure some would violently disagree - the Fed has a strategy in mind, even though that strategy may in fact be long-term detrimental to monetary stability as we currently know it, or it may turn out fine, we don't know at this juncture and neither does the Fed. Equally, nobody ever said the Fed was apolitical, and currently the US is facing longer-term military "endeavours" abroad which must be taken into account with regard to funding while maintaining price stability at home.
...most consumers are now considerably both into debt and have zero savings. This might be a recipe for consumer and national disaster. The ball is now squarely in the Fed's court to do something accordingly. The biggest short term "if" I see is who will now take over the reigns at the Fed upon Mr. Greenspan's departure. This will be a delicate call at a time of great imbalances.
Originally posted by crusader
Maybe it's not all bunk.. Many people thought it was and ignore the warning signs in 1987, they again ignored it 2000, and then again they will ignore it in 2005. as they say history always repeat itself, as always there will be the masses who will miss the boat.. when it do come in. The prospect of hyperinfaltion is indeed probable, with inflation at record levels.. Maybe we might see what happen in Germany, at the collapse of the Weinmar republic. don't you think?