That's exactly what I wrote earlier this week!Quote from ammo:
Sal, Ben has another problem on his hands at the moment , do I prop up the dollar or do i prop up the market, what to do,what to do...i'm so confused
Quote from saliva:
The idiot reporters on the financial networks attribute (or rather blame) today's selloff to the rising dollar. Well, what did ya expect when it was mercilessly sold off for ever and ever? Even a dead cat of 9 lives deserves a better treatment than this.
But then I believe this is the first time the idiots used the greenback as an excuse although you would have to be an idiot yourself to believe that the rise in dollar was the sole reason for today's selloff.
Nevertheless, the more pressing issue that's on my mind is whether Bernanke's team has changed their policy towards the printing press, especially in light of the dollar possibly losing its reserve status. That would definitely be a game changer. Poor Uncle Bernie, he's in a lose-lose situation. If he keeps printing money, the dollar will get trashed and ultimately lose its favorable status; if he stops printing, Goldman Sachs and his other favorite stocks might tank. I'm afraid he may lose sleep over this.
