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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: DebtBomb who wrote (100437)1/16/2008 11:06:51 AM
From: TommasoRead Replies (2) of 306849
 
>>>The fed better cut quick, LOL. ;-)<<,

Many weeks ago, Jim Rogers was scoffing with more contempt that I have heard him express before at how quickly the Fed was using up all its ammunition fighting a 5% decline in the stock market.

Things are clearly out of the Fed's control, as Paul Volcker is just reported to have said. The Chinese banks have more power to determine economic policy in the U. S. than the Fed does. That's not a joke or a hyperbolic overtstatement.
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