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

To: bentway who wrote (262992)	7/22/2010 8:18:17 AM
From: TH	Read Replies (2) \| Respond to of 306849

bw, Perhaps I'm mistaken, but I have a different take on the primary function of the Fed Head. His job is to lie and promote confidence when he speaks to the great unwashed public/street. His real job is to serve his masters at the owner/banks, inflate the currency slowly (resulting in an insidious loss of purchasing power as wages fail to keep pace), and backstop wall street and the market from imploding. In other words, I believe the Fed's primary function is criminal and not in the interest of the public. As for telling the truth, well it is an idea I can support, but it has to be consistent. Telling the truth 10% of time is not productive, as I don't want to account for another variable. Give me lies every time or truth every time and I can position and manage that risk. GT TH