http://www.nytimes.com/2010/10/16/business/economy/16fed.html?_r=1&partner=rss&emc=rss
Here's where the Titanic stands straight up in the water and people start falling off.
The Federal Reserve chairman, Ben S. Bernanke, appeared to remove any lingering doubt Friday that the central bank would take new actions to fortify the torpid recovery and fight low inflation and high unemployment.
The impact of the Fed’s most likely action – resuming vast purchases of government debt to lower long-term interest rates – would ripple far beyond American shores. The new actions could contribute to the weakening of the dollar and complicate a festering currency dispute that threatens to disrupt global trade relations.
