http://stockcharts.com/h-sc/ui?s=$NYA...amp;a=215382805
The "race to debase" hasn't worked for the US, as so many other countries have managed to make their currencies far weaker in order to stay competitive.
Bernanke has got himself backed into a corner, and by virtue all of us, and has no choice but to keep printing in massive massive quantities. Unfortunately much of the dollars he prints goes straight to debt servicing. and the debt keeps growing and growing as no one wants to tolerate "austerity." greece is a fine example of what happens when you try to shove austerity down the sheeples throats.
QE to infinity and beyond. He has zero choice. And hes delaying it as long as he can, but the market is going to pressure him, because the market has been trained for QE. (actually Ben does have a choice but our political system makes it intolerable. or so it would seem.) Just ain't gonna happen in an election year. cant let the market fall much in an election year.
