Dollar Babble

Does the dollar matter? Fed says noWall Street and the Federal Reserve are at odds over effect of a declining dollar on U.S. economy.August 27, 2005: 10:04 AM EDT NEW YORK (Reuters) - Although a dollar crash is unlikely anytime soon, a Federal Reserve study says any collapse in the value of the currency is unlikely to hurt the U.S. economy. But few analysts agree.
Instead, many economists suggest an abrupt decline in the dollar's value would cause pandemonium in both U.S. credit and equity markets.
To maintain foreign interest in U.S. financial markets and prevent large investment outflows, which would disrupt the economy, the central bank would begin raising short-term rates aggressively, analysts say.
And SAT Greenie talking IT down again! http://money.cnn.com/2005/08/27/news/newsmakers/greenspan_housing.reut/index.htm
A dollar COLLAPSE not to worry? I would worry that they said that!
And to hear the Carny Barker I mean MAestro crow about housing now makes me SICK@!! As he set the stage for it and perpetuated it! NOW it's a problem because the economy is sick, he doesn;t want to raise rates but HAS to as long as housing bubble is bubbling