paulite moonbattery, Jekyll Island style
Lowering rates was dumb today.
At least they should have waited to see what the market did - maybe reach a plateau.
Instead they blew their wad - there’s nothing left to do, except.... print more money to relieve the credit crunch.
The dollar will continue to sink, and as a result oil prices will go up, as will everything else.
Menawhile we continue to spend like drunken sailors and borrow the balance from the Chicoms.
Bush’s solution? Print more money and send everyone a check.
How conservative.
Why does Paul remind me of an Economic Global Warming-esque alarmist? He takes short term changes and tries to create long term projected trends that are molded to his premise, completely ignoring the long term historical trends.
Consume now save later, get-rich-quick real estate speculation and a ‘Bread and Circuses’ mentality of our Gov’t are to blame as well. The Fed is simply a follower, way behind the curve on this one.
Buy this guy an Econ 101 text.
Then again, what's the difference?
I guess Mr. Doctor Congressman Paul didn’t go with his normal suspicion of “fleet-footed negroes” and other racist maunderings that usually plop out of his facial sphincter.
This tiny-headed nazi supporter shouldn’t have any press except for when he declares himself Uber-Fuerher of Mars (my bet’s on April for that stage of his mental disintegration).
I guess Mr. Doctor Congressman Paul didn’t go with his normal suspicion of “fleet-footed negroes” and other racist maunderings that usually plop out of his facial sphincter.
This tiny-headed nazi supporter shouldn’t have any press except for when he declares himself Uber-Fuerher of Mars (my bet’s on April for that stage of his mental disintegration).
Have you noticed that the cost per tooth has yet to be indexed to inflation. I mean 30-40 years ago yeah, a tooth would get just a dime, but it has been what, a dollar a tooth for over two decades.
If the Tooth Fairy would just bring prices in line, our youth would have more money to invest shoring up our flagging economy with cold hard cash. The beauty of it is the product is a renewable resource so it is not like the Tooth Fairy has to bow to supply and demand.
Now if we can just get Santa off his Marxist red suited "give it all away" a$$ and move into a cashed based exchange system we could really get things moving.
With Fred Thompson’s withdrawal, the Fred supporters might be in a foul mood. Don’t be surprised if they double their attacks on us.
The real source of the panic is that the rest of the world actually knows the USA economy drives the world economy and is worried by talk like this from Paul and the MSM. The .75 drop in the ‘?’ rate might be seen as a sign of weakness in the Fed, but also is entirely inside the power range. Not a big deal.