Thursday, Feb 14, 2008
No sh*t Sherlock...
BBC News: Fed boss warns of weaker economy
I believe Paulson & Bernanke really do know just how bad things are going to get, but have to drip-feed the bad news to avoid a general panic...
"I believe our economy will continue to grow, although its pace in coming quarters will be slower than what we have seen in recent years" Of course you do...
Posted by doom&gloom @ 05:45 PM (474 views) Add Comment
4 Comments
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1. jack c said...
Another unscheduled emergency rate cut in February of three quarters of a percentage point perhaps?
2. hoyo said...
That news came not a moment too soon, I was sailing close to my stop loss on the spx which has been bullish all week & this news has sent in down again.
Good times ;-)
3. tick tock said...
Gosh, people might start to think that these two are working for some sort of Investment Bank cartel the way they keep promising to cut rates and throw money 'on the fire' in order to contain the real extent of their deserved losses.
Once upon a time I'd bang on about the corrupt, incompetent, self serving nature of these capitalist clowns, but the Bernanke/ Paulson 'show' is making this completely unnecessary. Anybody with even half a brain is being given a lesson in how our world really works, and for who's interest public policy is set.
Sleep now in the fire! (as a great band once sang!)
4. planning4acrash said...
Tic toc, they do! The fed is a privately owned bank, not a state entity. Who owns it? Well, bankers do. Who's interests does it protect? Certainly not USA voters. Scandal? Yes. Are people duped? Absolutely.