Interest Rate Roundup

Thursday, October 08, 2009

Fleckenstein on the dollar

This is a nice read from money manager Bill Fleckenstein on the dollar. Worth a read as the buck melts again despite an attempt at "dollar defense" from ECB President Jean-Claude Trichet. The money quote (if you'll pardon the pun) from Fleck?

"Fed money-printing in the last year -- to create its own bailout and finance other government bailouts -- is the functional equivalent of the government saying that you can take the Monopoly game out of the closet, grab all the colored pieces of paper, put three or four zeroes on the end of each bill, then go out and spend it."


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