Quote:
Originally Posted by jreeves  The dollar won't stregthen long term, without a severe reduction in governmental spending. In addition the dollar would be well served if the US was able to reduce it's trade deficit. |
Well really we have to offer a reasonable interest rate on on our debt instruments for the dollar to have a substantial recovery. The Fed has managed to work itself into a corner by trying to create a 'soft landing" when instead they should have just let a lot of these banks who wallowed in their excess fail without bailout, take the bitter pill and move on