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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (58413)	2/16/2006 6:36:08 PM
From: Jim Willie CB	Respond to of 362945

I saw yesterday and today performance by Little Ben (Big Ben wears #7 for the Super Bowl Pittsburgh Champ Steelers) in my view, he is much clearer and brighter than Greenscheiss dont expect him to admit the USEcon and USTB and USDollar are all screwed up that aint gonna happen but Ben did shiitte on Fanny Mae's back yard he did caution that big numbers for new housing hurt the housing market with added supply when the sector is showing great strain this is another example of Wall Street ignoring Supply Demand Equation this will bring about a much bigger housing decline before long he offered shallow shiitte for the trade gap solution he accepts on its false face the fraudulent GDP numbers he also misdiagnoses the meaning of higher productivity productivity is imported, therefore the benefit in standard of living goes to Asia he does not observe the link between the asset bubbles and the real economy I expect to be disappointed with Ben, but not compared to cryptic maestro fouchup AlanG clearer explanations of the system and its condition will not aid the US financial system he is clearer than AlanG but not any more effective our problems are not fixable what the markets are not counting on here are SEVERAL more rate hikes he disappointed me in his comment about looking at (CONCURRENT) data these guys are paid to look at and act upon forward indicators !!!!! thanks for the kind words, which belong on my next article testimonial from an article out yesterday Welcome, Chairman Bernanke. May you ward off price inflation from reaching the core CPI. May you enact policies that continue to export inflation to Asia. Embrace those faulty statistics. You make me laugh with your explanation of the inverted Treasury yield curve. Your reason #1 of reduced inflation expectations and stable economy is self-serving, but it ignores the monstrous influence of outsourcing on job creation and cancerous transformation to a consumption economy centered on malls and retail chains, filled by omnipresent cheap imported products. Your reason #2 of a prevalent global savings glut ignores identification of the $700 billion trade deficit imbalance as a problem. You tell us as clearly as you can that the USFed will continue rate hikes. Your solution for the massive trade gap and current account deficit is to improve savings in the United States, lift spending in foreign economies, and make more flexible the currency exchange rates. How incredibly shallow for a central banker!!! A college student with an introductory economics course under his or her belt could recite such a trivial solution. How about another shallow solution: import less and export more, which the public will understand better??? "Why USFed Hikes, Unspoken" gold-eagle.com Wall Street seems not to be paying attention Benny gave crystal clear signals of several more rate hikes / jim