- Financial speculation excess beginning to rear head
- economy improving slightly, expected to continue
- companies looking to improve productivity, not hiring
- Fed must be careful not to overplay hand
- US in a liquidity trap
- Weaker dollar might not boost jobs; could foster protectionism
- Further Fed easing is a transfer of income from the poor to rich
- economic fix is up to fiscal, regulatory authorities
- Decicion to ease is a leap of faith that fiscal authorities will act; a “bridge loan to sanity”
Look for the headline to undermine the buck near-term…
