Posted on 10/06/2009 8:02:28 AM PDT by BenLurkin
Of course. We've always had bubbles. Even (shhhh) before the Fed.
What good are low interest rates when business owners know Zer0 is going to tax and regulate their businesses into oblivion when the economy picks up a little???
The Fed knows no other way to operate. This is like asking “if I drive 15 miles to the store will I encounter a traffic light?”
It’s accepted by most that the Fed has been captured by Wall St. but it’ll be interesting to see Congress feign ignorance of this phenomenon as they pretend to be working “for da peeple”. Of course, Congress needs very little in the way of remedial training to exhibit ignorance.
Bubble, bubble, toil and trouble...
When the Fed prints money and flushes it into the banking system they are, in the Fed's Humble Option, simply working to keep the economy going. The Fed would NEVER call that INFLATIONARY. As long as business is NOT TOO GOOD, prices don't creep up and the Fed is HAPPY. But if business gets really going that's BAD. Time to raise interest rates.
This is the way things really are and it's simply NUTS. Ron Paul is right. Kill this thing before it eats all of us.
Frankly I think any gains the economy makes right now are artificial and will only be short-lived. I think over all the economy will get even worse, perhaps much worse, before it gets better. I do not see full recovery any time soon. Maybe not even next year.
So the Captains of Wall Street will get their profits (again) and we, the taxpayer, will provide the funds when the bubble bursts.
Meanwhile, gold up over $20 in last hours...over $1030. China/Russia/ME building coalition to drop $ - starting with oil transactions.
Nascent recovery? Not in this country. The Fed Reserve needs to stop reading the news coming out of other countries. Their "nascent recoveries" have nothing to do with whats happening in this country, in fact they are happening IN SPITE of what's happening in this country, which is a slow, but continuing economic slide into a third world status.
But prices are creeping up. The medias is just ignoring it. Your grocery bag now costs 32% more than it did last year. Obama media howqever, looks at the price of oil and uses that as it's inflation guide. Oil dropped $4 a barrel, so hence there is no inflation in their eyes. Our dollar is hovering around .76.2 cents, down from .95+ cents in January. That alone is a 20 cent reduction in spending power. Plus pump prices for gasoline haven't followed the drop in oil prices like they followed it when barrel prices were rising. You can see from these two things alone the massive amount of inflation that we have had over the past year.
LoL! that pic has excellent photo shop possibilities. Now all I need is some faces of the idiots Obama has running the show
“The detrimental Hussein factor cannot be underestimated.”
Informed business people are very afraid of what this government has in store for them. I am a banker and I am very uncomfortable about what is going on and what I can envision on the horizon. What Washington is doing to our economy, our wealth, our national security, our sovereignty, and our freedom is nothing less than evil, criminal and unconstitutional.
People have done some horrible things to me in my life. But I have never been as disgusted and furious in my life as I am now at Obama and the DemocRAT Congess.
Your grocery bag now costs 32% more than it did last year...
Yes, and the quantity per package is getting smaller, which many have not caught on to.
If only there were some way to tax those profits. LOL!
and we, the taxpayer, will provide the funds when the bubble bursts.
With the exception of the car companies and maybe AIG, we're probably going to make a profit on the TARP loans to banks.
I don't know where you live, but in America, a dollar has been worth 100 cents for quite some time. Maybe you have something else in mind?
Fun with Photoshop ping...
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