OT: The Dismal Science, and the Right (Stuffing us).
Hi Keith,
Pardon my intrusion here...
Now wouldn't that be special if the FED decided to go 25. It would mean a great sucker rally late Tuesday and then the damn jawbonin' could commence all over again, continuing the worry-bead markets we've been forced to tolerate as the grand poohbahs try to figure out how to steer the economy. As if they have any idea what their actions will cause***.
Why 25? Do you think that the PPI numbers this morning were enough to get the hawks off'n their 50bp rants? I don't think so, but then again, I'm a conspiracy theorist. And the one I'm conceiving is the hard landing in October, making sure that George Sr. is revenged for the awful thing that happened to him in '92. Hey, it's the economy, my wise friend, as Carville stated...
Bon Chance, Le Faineant
***Actually, wrecking the economy is a lot easier than nurturing it at this juncture. My conspriracist view is that there are plenty of pals of Bob Barr and Newt and Pat R. who'd love to wreck AlBore's dreams whatever the cost to the American Public. |
