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

To: roguedolphin who wrote (9617)	5/15/2008 2:31:36 AM
From: roguedolphin	Respond to of 50291

Shorting long treasuries today like buying gold in 2001.? 321gold.com

To: roguedolphin who wrote (9617)	5/15/2008 12:22:15 PM
From: RonMerks	Read Replies (1) \| Respond to of 50291

Gold & Silver arent buying phony CPI numbers! Yesterday all the so called 'inflation' trades sank on the bogus CPI numbers- but today that's reversing. They actually showed gasoline as a NEGATIVE because of 'seasonal' adjustments. Try telling people at the pump that gasoline went down and theyd look at you like your were nuts. I cant believe the market actually rallied on the bullshit CPI numbers. Santelli and crew wearing chef hats for- 'cooking' the CPI numbers is classic. They ought to be doing the same thing everytime one of the major banks reports its numbers. Still puckered and short USO <vbg>- I may be early. But its just a small initial entry. Everyone is trying to tell us the credit crisis is over but the XLF financials arent showing it is- I think fundamentally the XLF gives back all gains since 2002 and hits, or dips below 20. Ron

To: roguedolphin who wrote (9617)	5/15/2008 7:13:07 PM
From: roguedolphin	Read Replies (1) \| Respond to of 50291

Congressman Paul Questions Former Fed Chairman Volcker Congressman Paul Questions Former Fed Chairman Volcker Published 05/15/2008 - 12:43 a.m. GMT (PressMediaWire) Washington, DCMay 14, 2008 - This morning at a Joint Economics Committee Hearing Congressman Ron Paul had the opportunity to question former Federal Reserve Chairman Paul Volcker on the economy and the credit crisis. The hearing was entitled “Wall Street to Main Street: Is the Credit Crisis Over and What Can the Federal Government Do to Prevent Unnecessary Systemic Risk in the Future?” Volcker mentioned in his opening remarks that the United States suffers from overconsumption, and that we cannot sustain the current build up of debt. He postulated that consumers could be realizing that fact and shifting spending habits accordingly. Congressman Paul decried the ability of the Federal Reserve to now buy virtually anything as an asset to hold as collateral. In addition to mortgage-backed securities, they can also buy credit card securities, student loan securities, and car loan securities. Congressman Paul pointed out that the roots of the current crisis are a misunderstanding of capital and debt, over-regulation rather than under-regulation, and the Federal Reserve’s distortion of the marketplace with artificially low interest rates and promises of bailouts which encourage malinvestment and irresponsible behavior among banks. SOURCE: House.gov/Paul LINK: prwallstreet.com