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To: Wade who wrote (8182)6/3/2008 9:34:48 AM
From: Wade  Read Replies (4) | Respond to of 48092
 
LOL..

``The possibility that commodity prices will continue to rise is an important risk to the inflation forecast,'' Bernanke said. Higher public inflation expectations are also a ``significant upside risk'' to prices and may ``ultimately become self-confirming,'' he said.

so... We'll let those who created the big doodoo to manage our expectations.......It just didn't make any sense.



To: Wade who wrote (8182)6/3/2008 1:22:46 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
WHERE DID THE WHITE MAN GO WRONG?

Indian Chief 'Two Eagles' was asked by a white government official, 'You have observed the white man for 90 years. You've seen his wars and his echnological advances. You've seen his progress, and the damage he's done.'
The Chief nodded in agreement.

The official continued, 'Considering all these events, in your opinion, where did the white man go wrong?'

The Chief stared at the government official for over a minute and then calmly replied. 'When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex.'

Then the chief leaned back and smiled. 'Only white man dumb enough to think he could improve system like that.'



To: Wade who wrote (8182)9/18/2008 10:15:38 AM
From: Wade  Respond to of 48092
 
I went back to read it again and dug out his speech at Harvard on June 4, 2008.

federalreserve.gov

What will he do from this point after the Fed ran out of money?