here are 20 comments
What is up your sleeve now? Can you imagine with a little more luck and your interventions the dollar will be sink to $2 to the euro and all importers in the US will be out of business, by the way, there are a lot of them. In addition the price of oil will probably go up to $150 per barrel. Keep up the good work.
Sincerely,
US citizens
The rule goes like this
Sure, you can have helicopters full of money, you can take as much of it as you like BUT - the more you take, the less it's worth little Bobby.
I am getting so tired of this. Nobody expected retail sales to be good. Hasn't this already been priced into the market?
Besides Dow will correct up by the end of the day.
Yawn.
Vito
It might be two things that motivate Bernanke to lower rates.
One - all those ARM's coming due for people monthly, their rates won't be terrificly high - and their foreclosure risk will be lower -that might be one reason - to help the citizens in housing.
The other might be to keep the US Dollar unnattractive so China, in it's troubled moment facing rasing their rates to fend off inflation will not take the white pill marked 1.3 trillion in US currencies they can sell back to the US at any time.
I mean, if China cashes in on all those IOU's Bush left in there, the US HAS to cough it up, BUT - what nation state in their right mind would trade in when the dollar is so crappy.
PERHAPS the economic stimulus package was designed to offset the hard times the lower income folks are sure to see -the ones who make $7 an hour across the nation.
If they spend their money on food, according to Food index - they make $3.50 an hour.
Any thoughts on why Bernanke might be lowering rates knowingly hurting the dollar ?
I thought I'd take a neutral look for a bit.
He's either got something going on with China, housing saviour, or keeping the banks on life support at the expense of the tax payer for the banks bad loans in the first place the way I see it.
But which is it ? or if all 3, what % ?
Or ? anyone have a 4,5 or 6 ?
Uncle Ben's mother used to tell him - " Ben what have you gone and done NOW ? Son don't you ever think things out before doing them . Someday son ! you are going to get yourself in some real TROUBLE doing that, that you can't get yourself out of ! "
Sounds to me Ben's mother was a smart old bird - Uncle Ben is well educated but " SMART " I'm not that sure of and am in the camp with his mother on that point! I'm not that impressed !!!
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