Is this the way the fed. will get out of over monitizing the dollar and hyper-inflation?

Russia May Swap Some U.S. Treasuries for IMF Debt (Update1)
By Alex Nicholson and Dakin Campbell
June 10 (Bloomberg)

Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. The comment drove Treasuries and the dollar lower.
Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said some reserves may be moved from Treasuries into IMF debt, reiterating comments made last month by Finance Minister Alexei Kudrin. Ulyukayev’s remarks were confirmed by a Bank Rossii official who declined to be named, citing bank policy.( Learn more at )

Household Wealth in U.S. Decreased by $1.3 Trillion

(Sorry More bad news)

U.S. household wealth fell in the first quarter by $1.3 trillion, extending the biggest slump on record, as home and stock prices dropped. Net worth for households and non-profit groups decreased to $50.4 trillion, the lowest level since 2004, from $51.7 trillion in the fourth quarter, according to the Federal Reserve’s Flow of Funds report today. The government began keeping quarterly records in 1952.
Americans are cutting back on spending as unemployment surges, home prices continue to drop and wealth evaporates, signaling any economic recovery will be slow to develop. The drop in net worth is one reason Americans are boosting savings, blunting the effect of the tax breaks and income supplements from the Obama administration’s stimulus plan. (learn more at )

Japan’s Economic Rebound May Be Stymied By a Dearth of Demand

By Jason Clenfield
June 12 (Bloomberg)

A rebound in Japan’s economy from the worst contraction on record may be short-lived amid tepid global demand and as government stimulus spending wears off. The world’s second-largest economy will grow at an annual 1.5 percent pace in the second quarter after contracting a record 14.2 percent in the first, according to economists surveyed by Bloomberg News. After peaking at 2 percent in the third quarter, growth will grind to a halt in the middle of 2010, the survey shows. “After the third quarter it’s very uncertain,” said Hiromichi Shirakawa, chief economist at Credit Suisse Group AG in Tokyo. “A sustained recovery of final demand seems very unlikely. Final demand is the key.”( Learn more at )