simra.net Doing stuff since 1973

http://finance.yahoo.com/tech-ticker/article/8369/Bear-Back-From-Dead-Fed's-'No-Bailout'-Plan-Backfires?tickers=bsc,jpm

The Fed's 30 gigabuck bailout of Bear Stearns is looking more and more like an executive bonus plan than an emergency stopgap. In other news, the Fed will have to invent high-capacity presses to keep up with all the new money they need to print...

I've been trying to understand how it is that the dollar can continue to defy gravity. My best uneducated guess is that the emerging middle class in Asia provides a ready pool of novice investors hoping to own a piece of American debt.