Bubblicious! Nice job gains and the dollar is screaming higher and bonds prices are dropping like a stone. So what's the Fed gonna do? BUBKIS? Don't they know that if they were to actually hike rates my trading account would be up so much more? Instead, they protect the home owners (fuck those 80 million) They protect stock investors (fuck those 250 million) All of whom need to have their bubbles burst. Me, i've never had a personal economic bubble, but I smell one down the corner..
I will! Daddy Bernanke is going to speak today and put his arm around the public bubble and give it a goooooood squeeze. He will say, around 10:45 PST "I've decided to hike the Fed Funds Rate, without the consent of my Governors, by 3 full percentage points. ENJOY".... As if... Inflation is going to get cut down a bit if this energy bubble is being popped, but 55$ crude still aint 25$ crude. And gas still costs $2.75 out here in LALALAND... Reset those ARMS. Let the foreclosures begin!
the foreclosures have already started, they will increase as arms do reset going into the rest of 2007. 2 trillion dollars worth of arms resetting...