Thursday, February 25, 2010

Panic at the Fed or Back to Normalcy?

by F. William Engdahl (article)
February 23, 2010

The decision of the US Federal Reserve to raise its key interest rate was definitely not a sign of confidence in the US economic recovery or a signal that Fed policy is slowly returning to normal as claimed. It was rather a signal of panic over the weakness in US Government bond markets, the heart of the dollar financial system.

No comments: