Ok get this the fed and Paulson said housing was contained, remember this was over the summer. They were wrong. Mow today they say oh my things are worse, oh really everyone on the planet has heard this. Now here is the real kicker, the can never seem to get these slowdown right and even deny them until it's in your face. Now they can all the sudden predict due to the futures market that inflation will decline going forward whaaaaa this is insane who ever relies on these clowns will always be a day late and a few dollars short.
The fed is a complete joke! Now their going to tell anyone who listen that things are worse. Gee thats for that update. Now they can see into the future and they predict low inflation hahahahaha.
Yeah...when the Fed says inflation will rise decline this year, and then decline even further in 2009, I call their bullshit.. they haven't a fuckin clue what's going on TOMMORROW...
The same excuses to firehose more money on the masses, low inflation, blah blah. lower inflation looking forward... How is inflation low with $90 oil and $900 gold?
Thes idiots cause more pain than is really nessary. It's all a scam, just understand how the scam works and make it work to your advantage.
I like how they kept things on the side up until the last 1-2 months, they finally realize there is a "chance" of a recession when in reality the economy is already in a recession. They kept putting it off that the sub prime mortgage problems would not lead to any problems now they realize they were totally wrong and that this has created one of the worst economic downturn in decades. Rate cuts cannot do a thing the only thing they can count on is riding this out as long as it takes, and its not going to take 1 or 2 or even 3 years, this is going to take ALOT of time to work itself out.
Beacuse the fed chair said so, now you just listen to this powerfull man. He owns the world hahahahaha. Opps SP futures just dropped like a rock, shut that idiot fed man up.
low inflation, who are they kidding, there is no low inflation. They should have realized this as the dollar kept falling and gold and oil and every single commodity on earth skyrocketed.