Spekulative Reminiszenzen von Paul L. Kasriel (Northern Trust)

Jabberwock , Donnerstag, 13.03.2008, 23:52 (vor 6535 Tagen)

• But, in our opinion, what could turn a walk on the dollar into a sprint would be a decision by the Chinese and/or Saudi central banks to eliminate the pegs of their currencies to the greenback.

• We wonder if the demise of Bretton Woods II is not close at hand. If it is, the greenback could plunge, U.S. consumer inflation could spike, and the Fed would have little choice but to stop cutting its policy interest rate, and, perhaps, even have to raise it, as it did in October 1931

Why Did the Fed Raise Rates in October 1931?