I am here sitting at my desk trying to make a buck in the market and I have no Phd in economics no master in finance, nothing and I am thinking it doesn't take a Phd to realize that the Fed is already behind the curve if the recovery scenario they embrace is really materialzing . What in the world are these guys doing ? They must be a bunch of total incompetents to allow the creation of a new bubble in stocks. We have a huge bubble developing in stocks and if they don't start talking tough about future rate hikes, commodities, crude oil, are going to take off and there will be another big ramp up in gas prices which combined with high unemployment will destroy the middle class. They have to signal rate hikes now by mid 2010, otherwise things could get out of hand, I just listened to Kohn on CNBC, these guys are incompetent, as long as inflation remains low which he says means slack in the economy he thinks they can afford to do nothing and leave rates at 0 ! So what we need high inflation so they can decide there is no slack in the economy ?! I am asking why they couldn't take FF to 2% , wind down some of their programs while perhaps continuing to support the mortgage market but at least show that they are very determined to avoid another bubble . These guys have to be removed otherwise they will destroy what's left of social fabric in America and in the world !