350zCommtech's Account Talk


Wow, He's darker than George Hamilton.

george-hamilton-large.jpg
 
Fed governors getting smarter by the minute?:D

Fed's Hoenig:Too much burden on rate policy in credit crisis

By Greg Robb
Last update: 2:21 p.m. EST March 7, 2008

WASHINGTON (MarketWatch) -- Too much of the burden of the job of combating the financial market turmoil is being placed on monetary policy, said Kansas City Federal Reserve president Thomas Hoenig on Friday. "My own view is that we should be cautious in our expectations of what monetary policy can accomplish and consider some of the longer run consequences of excessive reliance on monetary policy," Hoenig, a voting member of the Fed's rate policy committee, said in a speech in Rio de Janeiro. Inflation pressures may build up if rates remain too low for too long, he said. And the Fed may have to ease more in the current situation because of "headwinds" from the condition of financial markets. http://www.marketwatch.com/news/story/feds-hoenigtoo-much-burden-rate/story.aspx?guid=%7B8D0BAE3D%2DA76D%2D4664%2D9BFF%2D88BD43CAF29C%7D
 
Scumbag Jim Cramer was just on CBNC calling for a government bailout.

What a whore. If the government takes his advice, interest will shoot to the moon. Further destroying the economy.
 
Scumbag Jim Cramer was just on CBNC calling for a government bailout.

What a whore. If the government takes his advice, interest will shoot to the moon. Further destroying the economy.
I believe in Unimpeded Markets! Invisible Hand! No Government! It's all fun and games until the market starts to tank.:toung: Then it's "Scotty, save my .ss!" Cap'n Cramer, the Transporter's brokin an' ye tole me it was fixed!
 
dow's now back above 12000
edit: almost


The market bounced when the Yen Failed to break through on just it's second attempt. This looks like market manipulation to me, which was then followed by nervous short covering. This is not good for the market since we never touched 1270.
 
Fed governors getting smarter by the minute?:D


Lowering the Prime any more is not necessary. The liquidity already added will have it's effect in the near future but that effect is not going to solve the basic problem with the broad market, and further rate cuts are going to be extremely dangerous. We can survive a bear market, and/or a recession, but inflation that will result from further cuts is the proverbial toothpaste that can't be put back into the bottle. Once inflation is unleashed it can take years to get it back under control and it will be accompanied by a sluggish to down stock market. It would be better to just let the market do what it will do so that a comeback is waiting in the wings, rather than hit the world economy with the double whammy of inflation and stagnation. World-wide demand for all sorts of products and commodities will, all by itself, cause inflation, and to add additional pressure, especially when that pressure is literally a placebo, is borderline outrageous.
 
F fund up 3 cents today. View attachment 3469

Lot of room to move up.:D If the Fed cuts rates next week Oil will jump the same day to $110. The market will jump a bit then drop more. Way too much bad news and bad reports.

I am looking at holding in the F Fund but thought it would jump more today I was looking at 6 cents + why did it not jump more or what prevented it from gaining more. THX - Braveheart :D
 
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