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Obama's Socialist Plot To Ruin America Sends Stocks Soaring
The whole point in doing QE is the dollar hasn't been "devaluing" enough.
No
"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003
While it's true that the Fed has a dual mandate instead of an inflation target, there certainly has not been enough inflation to meet the Fed's mandate.
UM...no indication of "relative" devaluation would be more correct. However, I guess I should have been more specific in saying that this will "lead to" devaluation as other curriencies recover against the dollar. Unless we have robust growth, this is nearly inevitable.
The future is hard to predict because it hasn't happened yet.
“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
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