Tuesday, October 05, 2010

October 5th Madness Tab Dump

The DOW rocketed up damn near 200 points on news that the Fed is going to print more money. The dollar fell on the same news, so commodities such as gold and oil price rose. So if you think your portfolio is looking better today, think again. The dollar is worth 6.5% less and is going to be worth a lot less as the printing presses go faster. Higher dollar priced oil and other commodities that you need will eat holes into your budget. The Fed is playing a dangerous game and causing chaos by starting a currency war.

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