Yet total capital inflows are still not enough to support the dollar. Europe is now locked in a vicious cycle whereby its export economy will continue suffocating, resulting in a weaker dollar, a stronger euro, a failed asset inflation scheme (sorry, Bernanke can’t be everywhere at the same time), even less exports, an even higher euro, and yet another isolated bubble, however with totally different dynamics than the U.S. version. Eventually, every country will be forced to consume just what it can produce, with viable European exporters going the way of the dodo, courtesy of Bernanke spreading the Moral Hazard Doctrine, eradicating the U.S. middle class, killing the dollar, and inflating the latest stock market bubble merely to bail out his Wall Street entourage.
ME: Nice to see ZeroHedge feeling so optimistic this Friday…
Source: zerohedge.com