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Larry Kudlow: The Federal Reserve "has no exit strategy"
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Wednesday, October 07, 2009
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From Newsmax:

CNBC commentator Larry Kudlow takes the Federal Reserve to task for not doing enough to fight the dollars decline and golds rise.

The greenback recently fell to a one-year low against the euro last month, and gold charged above $1,000 an ounce. It now has hit $1,025, an 18-month high, on a rumor that oil states could dump the dollar.

The oil producers issued a quick denial, but the gold move shows the increasing lack of confidence in the greenback.

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Topics: Inflation | Government_Stupidity | Cruxallaneous
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