Wednesday, Nov 28, 2007
The Fed Fails
Safe Haven: No Market Bottom in Sight Yet as the Fed Fails
This correction is not over and it is a sign that the Fed policy of lowering interest rates to try to force a stock market rally and bailout the US banking system is failing.
Posted by sold 2 rent 1 @ 02:39 PM (311 views) Add Comment
2 Comments
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1. Frank said...
I have seen quite a few articles touting gold as ultimate get out of jail free card when it comes to the financial markets, is it just me or does anybody else feel a bit suspicious of the motives of these articles. Could it be that like the people who have inflated housing as a must have commodity gold is being given the same treatment. If i'd invested pots of money in pots of gold i would be spreading tales of doom and gloom and trying to encourage as many investors into gold as i could because my investment would go through the roof on the back of the demand. Just a thought, does anyone else have a view.
2. denzil said...
I don't know whether I'm alone here but I feel sorry for Bernanke. Like Brown to Darling, Greenspan left Bernanke the proverbial poison chalice. However, I feel little pity for Darling because he is a baffoon.
I think Brown has been quite canny with the appointment of Darling because ideally his little fluffer, Balls, should have been lined up for the job of chancellor but Brown knew of the troubles ahead.
Talking about troubles ahead it struck me that currently Brown's popularity is on a par with the discovery of somebody with crabs at a swingers night, and this is before "real" declines in house prices have nestled in the conscience of the punter on the street. I can only hazard a guess how high his ratings will be in the opinion polls then. I love it, absolutely love it.