Replies to post #122443 on Simple's Green Room

[stkjunky]

Thanks boca.

Git, forget the article, I read it. Trust what is known, and the facts are that the fed is stuck with 85B a month cash infusion. Bernanke's board decided that they need to see 6.5% unemployment rate before they can even consider tapering. It will happen, because lots of people are running out of unemployment benefits and will drop off the count. But the economy is really loosing jobs each month on top of this. So my belief is that an excuse will be found to continue even if 6.5% is hit.

Just my opinion tho, and Yellen is going to be a wild card. So just take it day by day.

The long run is that these cash infusions are just paper dollars, and will/are slowly eroding the value of the dollar against all currencys. But it is suttle, because the U.S. banks are provided enough dollars to turn the currency tide at will.