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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (7857)1/30/2008 11:22:29 AM
From: RonMerks  Respond to of 50509
 
Bernanke's malox moment-

Can you imagine the stress the guy is under? He's probably swilling malox by the gallon and shitting like a goose. Imagine coming home and your wife asking-

'Hi honey- how was your day?'

Funny you should ask dear, we had a junior trader in France crash the global financial markets, and now the bank he worked for is basically bankrupt and needs $5-$10 of emergency recapitalization from either the Asian, or OPEC wealth funds. And oh yeah, a Swiss bank is in the same boat- they're broke and need another $6-8 billion. And now since the War in Iraq is going so well, we're going to be there for at least a couple more years at $200 billion a year, and that will just create more tensions, more unrest and higher oil prices, and runaway deficits which of course will crash the dollar and create higher inflation. Then workers in America will drive up wages in order to pay for everything that's going up in price in the real world- which I then have to find a way to discount and hide in the phony CPI numbers. Then there's gold- it's at an all time high on my watch, and then there's that James Cramer fellow and all those news pundits who have made me the target of all their angst. And honey- how was your day?

Ron



To: Rarebird who wrote (7857)1/30/2008 4:41:21 PM
From: $Mogul  Read Replies (2) | Respond to of 50509
 
Yes, things are indeed that bad they cut .50bps. Most market participants are happy when the Fed cuts, they do not realize how negative it really is.