Wow. The Fed is pumping the next trillion of funny money into the pipes (more en route). Some thoughts:
- The Fed's move is a gutsy sprint in the race to the bottom for global currencies. Mercantilist countries like China, Japan, Taiwan, Germany, etc. are going to get slammed even more than they have already. They are TOAST.
- The US is aggressively trying to inflate its way out of a deflationary depression and massive debt. The dollar has to crump. The cost of imports zoom, slamming stretched consumers.
- Inflationary depression?