Citi's Greg Anderson talks QE2.
By Citi October 27, 2010 11:10 AM
Citi foreign exchange strategist Greg Anderson yesterday appeared on Bloomberg Radio to discuss the potential impact of the Federal Reserve's quantitative easing policies. Anderson noted that that QE2 could lead to "continued dollar depreciation for an extended period of time." He also said that the United States is "in a situation where we need to come up with credible fiscal solutions and credible monetary solutions to generate self-sustaining growth."
Click here to listen to the entire interview.
Mr. Anderson.statement is somewhat limited and generic in nature but what it says is absolutely correct.
The Dollar depreciation is no longer a rumor in worldwide financial circles, it is a fact.
What is soon going to be another is the necessary DEVALUATION of the Dollar and the further collapse of US economy.