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Dollar weakness, oil, feckless Central bankers etc


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#1 andiron

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Posted 24 February 2011 - 08:01 AM

so now we have dollar in the doldrums but the impact is largely being felt in exploding oil prices// If this continues for another few wks, than mad benny etc will br forced to reverse and acknowledge that they have been total failures.. Schumpeter would have these central bankers fired (as well from their tenured positions) to face real economy in real life... OIl can shoot up to 120-130 in a few wks and put a kibosh on artifically inflated asset pricing model of nincompoop fed//

#2 Islander

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Posted 24 February 2011 - 10:00 AM

You believe in Creative Destruction? Good, but no half way measures, no rules on competition between firms, but what about consumers? No easy fixes. Benanake is probably trapped, but if he is, so is the economy.