thar she spills !.....beans ahoy mates or "oops i spilt the concealed motive behind the stag party"

fed  outlet prez  dumb dumb bullhead is ox brained
no doubt about that 

but he has heard
the chimes at midnight
tolling on wall street

bully :
"one falls back on fiscal policy, which can surely do the job, but risks maintaining the current pattern of global imbalances."
let that sink in
this is about corecting glo0bal imbalance
but not the e3asy way by a forex adjustment
nope
by relative rates of growth in import absorption
and changes in relative wages
why ?
arbitrage profiteering must be preserved
until and unless relative wages gaps shrink from the top down
to where they are small enough
to drown in a bath tub
action plan?
avoid a dollar plunge against the east asian traders ?
no
so this "... concerns are overblown; after all,
so far the fears of a Dollar/current account crisis
have not emerged."
is pure misdirection
yes forex upheavels that
produce fair trade and squeeze out arbitrage gains from trade
must be avoided at all costs
but the real fear is a wave of populist driven protectionism
the fools substitute for forex adjustment
ie the fear is not a dollar plunge that no trans nat wants here or in china
but rather a exploding trade gap
just what a fast recovery here would produce
as bull head notices
i repeat
"...fiscal policy, which can surely do the job, but risks maintaining the current pattern of global imbalances"