Sanguine thoughts from the MainStream Media re: Currency Devaluations

It's amazing what is going mainstream. Here is MarketWatch's David Callaway using terms like "Race to the Bottom" in reference to competitive currency devaluations with warnings about conditions that could lead to another depression. Bond bubbles, commodity bubbles, stock market bubbles - I guess it is becoming OK to talk about these things now that the artificiality of rises in these entities is becoming patently obvious to all, while the FED (along with most major Central Banks) desperately tries to keep everything afloat on an increasing sea of liquidity courtesy of modern day printing aka "Quantitative Easing". Gee, until recently, this stuff could only be heard in blogs and "radical" alternative news sites.