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Originally posted by hoghead cheese
He is so right, and everybody outside the US know it. The CNBC pundits have stopped any negative things about the market and have tried to be more positive about the "green shoots" (I think Larry Kudlow coined that term in the spring). We are in a liquidity trap. They can't raise rates because that will hurt the housing industry and other interest related financial instruments. If they don't raise rates and essentially keep it at zero, they will destroy the dollar (which is happening know), and make bond holders and buyers wary of investing/loaning to the US. Welcome to the world of INTENDED consequences, they knew that this day would come but they put blinders up and whistled into the wind.