TARP to Drive Economy Collapse?
As Wall Street is bailed out, Main Street could be set to suffer the consequences of inflation and an economy collapse.
Soon after the troubled asset relief program was announced the dollar declined, and commodity prices revived. These two changes were driven by investor fear of inflation.
It is odd because failing banks, falling house prices, and tightening credit would usually lead to falling prices, or even deflation. But what we are seeing here is fear that the Fed will mismanage the situation, keep interest rates too low for too long, and thus create an inflationary problem that will arise in the future. The Fed mismanage? Never! Avoiding an economy collapse as a result of the troubled asset relief program is a genuine concern.
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