85Bils of US dollars will pour out from Fed fat wallets...and straight into treasuries, for the time being this money is not making it into the general economy to cause excessive inflation, at least that is the official line.
There is no doubt that the US is devaluing as fast as practical and this is pushing currencies such as the Australian dollar up, so attempts to bring our currency down by reducing interest rates is having a limited effect.
Welcome to currency wars, beggar your neighbor before he beggars you.
SAR Price at posting:
42.3¢ Sentiment: Hold Disclosure: Not Held
