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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (217482)	8/25/2009 10:51:12 PM
From: patron_anejo_por_favor	Respond to of 306849

FED HALL OF SHAME (Reserved-Larry Summers) ROTFL.....

To: nextrade! who wrote (217482)	8/26/2009 9:24:55 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

RE: Killing the FED All in all I agree. Barry Ritholtz gave an interview yesterday (you might find a link to a recording on his website). He ws asked that question. As I recall, he expressed a modicum of antipathy towards the FED. HOWEVER........ He said something that I had never pondered before. Namely... We couldn't get rid of our FED until the rest of the world got rid of theirs. I didn't take it all in. It was the point upon which he hung his whole argument. I think he was suggesting that all central banks are inherently evil. If the US got rid of ours unilaterally, then we would be flayed alive by the other banks. I should go back and ruminate on it. He went on to suggest that this will never happen. IOW, learn to live with it. Of course my response is....from Nathan Rothschild............ "Let us accept things as they are, and profit off the folly of the world." My interpretation and implementation of that would be: 1) we are going to have a FED which will FOOLISHLY and flagrantly debauch the currency - and never tighten when/if there is a recovery, so b) buy all of the commodities - especially crude oil - right now in anticipation of the hyper-inflation. Oh. You might even throw in some real estate - as foolish as that may seem right now. I would wait a least a year before getting long that.