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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (70873)	11/4/2007 9:28:22 AM
From: Chispas	Respond to of 116555

"The Fed digs us a deeper hole" - Fleckenstein - ........................................................... Was last week's interest-rate cut an act of desperation? Absolutely. Meanwhile, it's obvious that using an applause meter to run the central bank is a terrible idea. No shortage of ink was spilled last week about the Fed's quarter-point rate cut. Yet none of it acknowledged the big elephant in the room: Why in the hell was the central bank easing the federal funds rate with (1) the dollar at a new low, (2) oil at $90, (3) gold at $800, (4) virtually every commodity on the planet going wild and (5), despite government statistics to the contrary, inflation raging? Rest of the story : articles.moneycentral.msn.com