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3rd July 2009
well one cant deny the economic problem is structural. But in FX trade as well as in stock half of the game is public Sentiment , that is largely the result of the news they read. many believe the meltdown wouldnt have been so harsh if it wasnt for the panic effect.
About the money printing startegy i 100% agree its a very harmful strategy. The massive printing of the dollars the US gov did will b harmful , at least in the long run.
I am in favor of the gov spending to stimulus economy, investing , not printing papers in the air. |