Tuesday, Aug 26, 2008
the Fed hinted its likely next move may be to raise rates.
CNN: Fed worried about inflation and slowdown
The Federal Reserve expressed concern about both greater inflation risks and a slowdown in the economy that could extend into next year, according to minutes of its most recent meeting.
Posted by mark @ 07:26 PM (377 views) Add Comment
5 Comments
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1. tyrellcorporation said...
The last thing they want going into a global recession is a bloody strong Dollar!!!
2. denzil said...
Just an observation amongst all the gloom but it's amazing that the US is not up to its neck in recession. To read this blog would suggest the US is full of woe but having been in the US at the tail end of May the US citizen does not seem quite as aware of the financial armegeddon as commentators on here would have you believe. I'm not for a second saying things are great over there, far from it, but it is not all doom and gloom either.
3. gardeniadotnet said...
2. denzil said...the US citizen does not seem quite as aware of the financial armageddon as commentators on here would have you believe.
The commentators you refer to tend to deal with facts, not sentiment.
The reality of the situation for the masses, when Consciousness arrives, will be all the more profound.
gardenidiot
4. harold said...
"the Fed hinted its likely next move may be to raise rates"
Absolutely no chance whatsoever. Approaching recession, stimulus packages failing, dead credit markets. Next move down - yeah right:
http://www.atimes.com/atimes/Global_Economy/JH08Dj02.html
5. denzil said...
gardeniadotnet said:
"The commentators you refer to tend to deal with facts, not sentiment."
and then followed that sentence with
"The reality of the situation for the masses, when Consciousness arrives, will be all the more profound."
Brilliant, the complete contradiction of the second sentence completely negates your first sentence regarding "fact".