Comments on: Northern Wreck http://blog.twowolves.co.uk/2007/09/23/northern-wreck/ Toujours Le Meme Thu, 04 Dec 2008 21:23:48 +0000 http://wordpress.org/?v=2.5.1 By: jameshigham http://blog.twowolves.co.uk/2007/09/23/northern-wreck/#comment-2945 jameshigham Thu, 27 Sep 2007 18:26:04 +0000 http://blog.twowolves.co.uk/2007/09/23/northern-wreck/#comment-2945 ...There are some serious problems for the American response though. Principally that as rates are lowered their Bond markets and currency value is seriously undermined at a time when they desperately need to keep their yield-rates attractive to their foreign investors... This is one of the primary reasons I can't accept that the Fed is that incompetent. They pulled that same stunt in 29 and now they're following the script again. Even gold is singing in tune. …There are some serious problems for the American response though. Principally that as rates are lowered their Bond markets and currency value is seriously undermined at a time when they desperately need to keep their yield-rates attractive to their foreign investors…

This is one of the primary reasons I can’t accept that the Fed is that incompetent. They pulled that same stunt in 29 and now they’re following the script again. Even gold is singing in tune.

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