RE:RE:Be nice when the Dutch auction is over
I think the fed is doing the right thing. The USA is the largest economy in the world, the gold standard for currency, and a country that has the ability to print as much money as they want. American dollars are being bought and stored everywhere in the world. A few years from now, when interest rates are 7%, the US government will sell all this paper they are buying for a huge profit. The Chinese economy is growing at 7 to 10 percent. The Canadian economy is hot. Things are not as bad as the talking heads on TV make them out to be. People are still spending for new items rather then looking for green, recycled bargains, on Craigs List.