THE DOLLAR CALLS BERNANKE’S BLUFF
Courtesy of The Pragmatic Capitalist
Markets are reversing huge gains as the dollar turned on a dime after a brief dip following the Fed statement. The dollar has called Bernanke’s bluff and investors are realizing that the Fed’s plan to print our way to prosperity might not work. The Fed’s actions are positive in the near-term, but printing money is not conducive to a durable and sustainable economy.