To: orkrious who wrote (65046 ) 6/30/2006 11:10:57 PM From: shades Read Replies (2) | Respond to of 110194 Star 80Truth be told, the current fixation on every word and nuance from the FOMC has become a farce - a mere heedless distraction from the critical financial/economic issues of the day I agree - it seems INSANE to me one man's emitted soundwaves from his vocal chords can have 7 billion people taking anxiety pills! That is pure INSANITY! That type of fixation reminds me of eric robert's character in that movie STAR 80 - CRAZILY OBSESSED. Entire ENCYCLOPEDIA's are written on the nuance of fedspeak and astrologists seeing the future based on where the semicolon is placed in a sentence in bernanke's written submissions to the press - INSANE. Just like the movie - such obsession can only lead to one thing ultimately - the destruction of the obsessor and the object of desire - poor Doroty Stratten.Credit markets are much better indicators of the prevailing liquidity backdrop than equities. Agreed - if the fed raises rates to 20% but money growth is 50% - how does that reign in inflation? Amazing the masses of people they have BRAINWASHED to look at one number and not the others.http://www.siliconinvestor.com/readmsg.aspx?msgid=22577251&srchtxt=money%20supply%20growth Commercial paper issuance reached its highest level ever and was up about 20% from a year earlier at $1.777 trillion. Commercial and industrial loans reached their highest level ever two weeks ago, up $133 billion, or 13%, from a year ago to $1.126 trillion. Bank credit also reached an all-time high two weeks ago, at $7.940 trillion, up $723 billion, or about 10%, versus a year earlier. Corporate bond issuance has also been strong, with weekly issuance up $100 billion year-to-date (+39%), according to IDEAGlobal. Don't all these numbers make 5.25 look small?