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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (93089)	4/2/2008 4:42:28 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

What we have is a Fed Chairman who has set the Fed Rate 500 basis points too low, and claims we have a liquidity crisis - there being simply not enough money. Raise the Fed Rate to 7.25% and there will be more than enough money for everyone who wishes to borrow money. We don't have a liquidity crisis, we have a Fed Chairman who is trying to repeal the law of gravity. A King Canut sitting by the shore-side commanding the tide to recede. Some firms do have a solvency crisis. That happens in a capitalist economy and is a normal course of events. .

To: GST who wrote (93089)	4/2/2008 9:34:57 PM
From: studdog	Read Replies (1) \| Respond to of 110194

I just want my free lunch, and I want it served hot and I want it served now - Have you seen the Chase credit card TV commercial set to Queen's "I want it all, and I want it now"? The guy is lusting after a new entertainment center and undoubtedly can't afford it (he is an American after all) but gets it anyway thanks to his Chase card. As metaphor for the values of this country it sickens me. It would be more appropriate as a parody on Saturday Night Live but it is a real commercial and probably very effective given our Pavlovian advertising indoctrination.. Karl