The ruthless financial markets will sniff for blood when Geithner finally announces the key details of the banking rescue plan this week. Geithner's plan must excel in substance and delivery or he might as well pack his bags.
Why such high standard for him and Obama? The negativity of our times is stifling the air out of good or fair ideas for change. In our blog today, Prier du Plessis argues that the Fed will accept a collapsing USD rather than a repeat of the great depression; Andy Sutton argues that fiat money has virtues but it can be a subtle way of stealing wealth; Peter Cooper quotes Bill Gross saying that inflation would creep in 2011.
By Datasource




