Fed Acts Quickly To Stall The Bear

Captain's Quarters ^ | Jan. 22, 2008 | Ed Morrissey

[Captain Kirk]

Like or or not folks, Ron Paul has been the ONLY presidential candidate talking about the dangers of the Fed.

[palmer]

Bomber Ben sure seems determined not to abandon further credit expansion, but the question is, is credit deflation more powerful than him?

[jiggyboy]

I think the sources of the largesse have always managed to pay it back rather than default on the “collateral” they pledged to the Fed.

But I know that a lot of companies are showing “investment losses” in their latest quarterly reports. And that was for 4Q 2000 which wasn’t really even a down quarter overall.

[stockstrader]

The war on savers and the responsible continues...

True--this is an obvious effort to let the 'irresponsible' REFINANCE at lower rates.

What great timing and luck for those who grossly overborrowed with ARM's! /s

[jiggyboy]

They just juiced it hard on absolutely impossible volume right at DJII 12K, at the very second and point level it needed it, through that magic number, a falling trendline, and the new high for the day. An absolutely transparent jam job.

I have no doubt that DJII will go positive today, but that will only prove to me that it’s an absolutely fake rally. I’ve already doubled down on my Armageddon bet.

[Son House]

Welcome to the activist Fed.

Seems they can’t predict the economy as their reactions are late. Travel Office like firings are in order Clinton, we need your fiscally retarded liberal associates, so the Media will tell us what a good economy we have over nite.

[Afronaut]

"Like or or not folks, Ron Paul has been the ONLY presidential candidate talking about the dangers of the Fed. "

I have noticed...

These markets are much "sicker" than anyone wants to realize. It is a historical time. You will remember this time as well as '29 and '87. Sorry to say. This boat hasn't begun to sink.

[Captain Kirk]

It is interesting that everyone branded RP a “nut” when he raised the “wacky” issue of the Fed. Turns out he was way ahead of the curve on this.

[Tigen]

[Travis McGee]

I guess we’ll find out!

[VegasCowboy]

It is interesting that everyone branded RP a “nut” when he raised the “wacky” issue of the Fed. Turns out he was way ahead of the curve on this.

Nah, he's still a nut. And the "Fed issue" is indeed wacky.

[Captain Kirk]

And your non-wacky solution to the current financial mess is......? Let me guess, you think the fed is doing a great job and Bernacke should run for president.

[Mr. Jeeves]

Like or or not folks, Ron Paul has been the ONLY presidential candidate talking about the dangers of the Fed.

That's because he's the only candidate who isn't a member of the Federal Government party.

[Cruising Speed]

...using our money to stimulate the economy. Why not just let us keep it in the first place, and cut out the middlemen?

A great example of common misconception on the subject. Our money is spent as soon as it arrives with the FedGov. Any checks sent to us will be borrowed money.

Our credit problems stem from the fact we are tapped out. The politicians discovered deficit spending--no need to tax the people, just borrow the money for our schemes.

Decoupling taxation from spending leaves us with little control over spending--not starting a tax revolt was good deterent to increased spending. That deterent is gone.

The gov should have resources saved for true emergencies like this current credit crunch, but they don't. In order to give away cash, they have to borrow it, deepening the problem. The world stock crash of the last couple of days is due to the rejection of Bush's economic proposal vis a vis 'rebate'.

Many countries practice much sounder economics than we do--I mean some of our politicians are downright stupid when it comes to economics (either that or completely craven).