Tag Archives: fed

Stacy Summary:  Okay, so the blonde Latvian story may be a bit frivolous on the surface.  Is it, however, any more ridiculous (or dangerous) than Bernanke’s attempts to revive the economy through rigging house prices?

• Blondes to battle Latvia’s blues

• IMF claims Latvia will recover in 2010, if they follow IMF plan

Stacy summary:  Note that the IMF loan to Latvia is for 7.5 billion euro to a population of only 2.3 million;  that is €3260 (USD$4566) for every man, woman and child .  Also note that GDP per capita is US$11,985 in 2007.  This sounds like the conditions that led Germany down their own celebrating blondes path.

• Bernanke bid to fix house prices scuttled by rising rates, defaults

• Bond markets defy Fed, blitz of quantitative easing may now begin . . . whatever the consequences to dollar (Hold onto your gold!  It’s going to be a bumpy ride!!!)

“We could be nearing the end-game for the US dollar but the Fed has little choice at this point. We’re in a vicious circle where any policy aimed at supporting the US economy must be at the expense of the dollar.”