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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 454.29+6.4%Feb 3 4:00 PM EST

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To: TobagoJack who wrote (41751)10/24/2008 3:40:27 PM
From: prosperous  Read Replies (1) of 220006
 
The addict wants more morphine; looks like a depression, walks like a depression, quacks like a depressions; will squeal like a depression; WTF its is a f&$*&(! depression, but don't tell anyone :-). If this ZIRP did not work for Japan and even lately for us why do we think it will work in future? or do we just need to show some busy mindless action? The admin should be ready to take ultimate Egg on their face when this fails.

On Monday, Bernanke pushed Congress to consider a new stimulus plan to spur the economy.

"Everyone at the Fed has pretty much told you they're going to cut," said Rich Yamarone, director of economic research at Argus Research. "They're in a kitchen sink mode right now. Rate cuts, fiscal stimulus, bailouts - they're throwing everything they can at this right now."
biz.yahoo.com
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