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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (368063)	1/23/2008 3:14:34 PM
From: bentway	Respond to of 1578565

We're STILL going to have a deep and long recession Ted. We're just stalling it, whistling past the graveyard. Stay on your toes, T-stops ready, prepared to go to the mattresses or into gold on a moment's notice. Don't get cheery. None of this crap has been fixed yet. There'll be lots of good trading opportunities as the bullish forces resist mightily. Forget "buy and hold" - that theory is dead for a while. Americans stand to lose 2.2 TRILLION in the coming year just in the projected loss of value in their homes alone. American consumers are 70% of our economy. Cutting rates to zero won't fix that. ================================================================= "Frankly I think the Fed is irrelevant here. We have an over-leveraged economy and an over-leveraged consumer and cheaper money is not going to solve our problem. We have to go through a protracted and painful deleveraging process." . . . Michael Metz, Chief Investment Strategist of Oppenheimer and Co. "The stimulus package is stimulating selling. If everybody in the government is nervous enough that the Fed is aggressively cutting and we're looking for ways to get that helicopter up in the air to drop money on people, then they must have seen something that was a little bit more frightening than we know so far." . . . Art Cashin, UBS Director of NYSE Floor Operations Asked about the George Bush "Free Money Bonanza" "I think borrowing from some people in order to give to money other people, and its going to be a little late anyway when they get it, will just needlessly raise the deficit and start us off at a worse point when we do start recovering and healing." . . . Bob McTeer, former Dallas Fed President