Fed Scared Silly

The Federal Reserve Is Scared Silly
Consumer spending is the last bubble. If that goes, the whole economy goes.

Will the Fed be successful in fending off an economic collapse? It might be for a while; the economy may muddle along for a couple of years; the dollar still has some value left. But history is clear: No nation has ever devalued its way to prosperity. In fact, the contrary is true: Currency devaluations and banking crises go hand in hand—along with economic crisis.