October 06, 2009
– Comments (1)
I agree. I also think that eventually FED will have its hand forced and will have to raise interest rates in order to avoid serious inflation. And I don't think we are that far away from that moment. If oil gets to $100 because of emerging markets recovery, while US economy is still horrible with 10% unemployement, I expect average Joe start asking WTF. The things will get unhinged at that point. I give it 6 months.
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