i will reply by this: http://www.elitetrader.com/vb/showthread.php?s=&postid=1609273#post1609273 or by this:http://www.elitetrader.com/vb/showthread.php?s=&postid=1355784&highlight=faber#post1355784 My opinions are posted all over ET. Fed should not cut etc etc etc. In fact I am in agreement with 95% of what they say (especially Faber) over long term. My point was that both are always funny in how they present it. For instance you do not put into one sentence "US is in recession" and "Fed should raise rates" when you want to present your point. By the way I do not believe US is in recession - making the case for "no cut" even stronger.
What the Fed SHOULD do is raise rates, and tighten credit... with the explanation, "... we can't please everybody, so we're going for what will benefit the most people... preservation of the $USD's buying power...".
it sounds like you actually agree with the rogers quote. if i read you right in your first link, you said it would be unprecedented to cut so close to equity highs sorry, not trying to put you on the spot, i was just curious what common sense you thought was missing from the rogers quote. maybe you were referring to faber
i have to say i love the last part of the faber video when he says that he knows greenspan from 70s when he worked with him - until greenspan got sacked. lol
lol that's funny. i'll have to look out for that one. i was a little shocked at the bad tone towards gspan on cnbc this morning (i only ever really watch it on fed days) .... where the chick commentator said he was once a dancer escort they seem really keen to cast him in a bad light for his recent comments.
here is the link - it made my day: http://www.bloomberg.com/avp/avp.asxx?clip=mms://media2.bloomberg.com/cache/vCoNtU.D0pcE.asf
Here in a nutshell... Is why 90% of "traders" get taken to the cleaners. Two oh so pretty TV Talking Heads... Are shouting and contradicting Jim Rogers... A man with a 35 year track record going back to Quantum... A man who has done nothing but make money... Because he thinks outside the box... And "pretty talking heads"... Just CAN'T UNDERSTAND why he doesn't just agree with everyone else. This is also ET in a nutshell. It's also the world in a nutshell. Ha-ha-ha-ha-ha. Keep watching CNBC and staring at your charts... While the Pros methodically relieve you of your money.