tag:blogger.com,1999:blog-6616959642391988608.post6995671496166658810..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: FOMC stuck in the "slack" rutScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-81067739941771539252009-06-25T12:21:36.398-07:002009-06-25T12:21:36.398-07:00Maybe this is a sign they are starting to soak up ...Maybe this is a sign they are starting to soak up that liquidity. If they do begin to pull back, my tune would change fairly quickly but at this point, I have no confidence in their ability or desire to do so.<br /><br />http://www.bloomberg.com/apps/news?pid=20601110&sid=acr1J5.mPdNwPublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34762770939099215732009-06-25T10:22:26.890-07:002009-06-25T10:22:26.890-07:00A skeptic could rightly claim that the Fed has aba...A skeptic could rightly claim that the Fed has abandoned all pretense of maintaining a stable and/or strong dollar. But finding evidence to support that is not easy. For example, the dollar's value has fallen dramatically against gold since 2001, but not over the past year despite all the liquidity injections. Inflation expectations have moved up this year, but they are no higher than they Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74639488601032722812009-06-25T07:55:52.525-07:002009-06-25T07:55:52.525-07:00Marketwatch states that in the current edition of ...Marketwatch states that in the current edition of the Harry Schultz Letter (HSL), the author predicts a confiscatory Franklin D. Roosevelt-style "bank holiday." <br /><br />http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future<br /><br />HSL reports rumors that "Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enoughchaimhttps://www.blogger.com/profile/15339877670539915905noreply@blogger.com