May 03, 2006

Hmmmm....

Posted by blogger at 5/03/2006

12 comments:

Anonymous said...

That looks like a chart of the USD crashing

May 03, 2006 4:48 PM
Bill said...

Hmm I should not have ate that hot fudge sunday...oh wait..the economy is full steam ahead on all 2 feet!!...anyone predict A 5.25 increase in the rate...? I pretty much feel the fed is going to give up on the housing market and try...try to save the dollar...speculation of course.

May 03, 2006 5:39 PM
Anonymous said...

droooooolllllll

May 03, 2006 6:07 PM
Anonymous said...

BEAM ME UP NOW, SCOTTY!

May 03, 2006 6:22 PM
Anonymous said...

Really? Was Bernanke really so dumb?

As he said, too many people got the impression that he was a wuss on inflation. Maybe he wanted to teach the bond market a lesson they'd remember.

Think of it like game theory: if he said what was expected at the expected time the markets would discount it and not go in the way he wanted.

If, on the other hand, he slapped them around---just a little bit every now and then---they'd maintain a healthy fear. Good Ben in public, Bad Ben every once in a while to keep the fear of Fed in them.

Smart move.

And now he's gonna have that floozy calling him every week for new 'hot tips'.

Bernanke's been put in a horrible spot. He will be the blame-goat for the true problems in the real, physical economy: unproductive war and "security" spending, instead of industrial investment in the future.

Outsourcing instead of high-technology futures.

Energy profits over future economic health.

May 03, 2006 7:13 PM
Anonymous said...

Over $50 billion of our trade deficit is due to oil imports. If we switched over to an ethanol and coal-based methanol economy, we would no longer need to import oil. Instead we pay farmers billions of dollars to NOT grow corn and sugar cane that can be converted to ethanol. Ethanol and mathanol are also clean burning fuels that do not result in the smog, pollution and (man-made?) global warming.

I'm sure you all have seen the GM "Yellow Energy" commercials with E85 fuel. What you do not know is that GM is lobbying against requiring cars to switch over to E85. Add that to their best-sellers like the Hummer, Yukon, and Tahoe - GM is the worst auto manufacturer in terms of energy consumption.

May 03, 2006 7:22 PM
Anonymous said...

Mamboni, you're awesome. The only thing that could cheer me up about all this is a freakin' PSYCHO reference. God bless you.

May 03, 2006 11:04 PM
Anonymous said...

Did Bernanke gain or lose 'credibility'?

It depends which kind you mean.

If "credibility" equals what talking heads think he should do, then no he doesn't have it.

If "credibility" means that the bond market is not going to take him, or the Fed, for granted---he gained it.

It did the trick: the bond market is not going to think he's an automatic inflation wuss, and won't lever up too much being long treasuries for fear of getting whacked again.

This is probably a good thing.

May 03, 2006 11:24 PM
Anonymous said...

Ummm, lets me think about this for a minute, my arm is adjusting, I took out 110% on the loan, I did a no doc qualify, and of course I didn't want to put any money down, I needed cash for gas for my Escalade with spinners.
I figure I can own the home outright in 50-60 years and of course it will go up three fold in the next year! Life is good!

May 04, 2006 12:48 AM
Anonymous said...

I wonder what the boss will tell me to say next?............

May 04, 2006 2:38 AM
Anonymous said...

Bernanke is just the pansy. C'mon boys and girls, we all know who holding the strings: descendants of Morgan, Rockefeller, i.e...the wealthiest 1%. How much power do you think Bernanke really has?

May 04, 2006 5:12 AM
Anonymous said...

Bernake said we were near the end of interest rate rises, not at the end.

The US owes more than 8 trillion dollars, that is $1285. for everyone in the world, but the US has only 5% of the world's population. They have already emptied the social security fund surplus in advance of an oncoming wave of retirement. They should have taken the federal workers and politicians' pensions and raided them instead.

While the US went deep into debt, Bush was holding the hands of Saudi Prince Abdullah on his ranch. Was Bush in favor of gay rights?

http://www.cbsnews.com/stories/2005/04/27/eveningnews/main691413.shtml

They had to blame Iraqis for supporting terrorism leading to 9-11 and frame them for WMD's that did not exist like the Kuwaitis framed them for smashing babies taken out of incubators that did not happen.

Sadaam was fighting Islamicists and a Saudi King had Bush in his hip pocket.

May 04, 2006 9:22 PM

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