FED chairman, Ben turned out to be worse than him.
Just after people realized Greenspan was the worst
Started by
mike123
, Feb 21 2008 01:26 PM
3 replies to this topic
#2
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 21 February 2008 - 01:53 PM
...and you are qualified to assume the position??
#3
humble1
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- Traders-Talk User
- 5,959 posts
Member
Posted 21 February 2008 - 03:19 PM
123:
the fed will now have to decide whether to defend the currency OR the stock market. i cannot remember at time when it was so much EITHER/OR.
i say they will choose to defend the currency and soon indicate that the rate cuts will be over after the next 50 bps cut. bernanke will be forced by others - maybe reserve presidents and past chairmen - to face the fact that the fed's #1 job is defense of the currency.
as that realization takes hold, the stock market will be on its own and the next massive wave DOWN will unfold.
imho and fwiw.
#4
pdx5
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- Traders-Talk User
- 9,771 posts
I want return OF my money more than return ON my money
Posted 21 February 2008 - 11:22 PM
I just don't get it. Greenie's ultra low interest rates started housing bubble, commodities bubble,
credit bubble............
Now we have Benny heading in the same direction! Will these guys ever learn from history or
are they doomed to repeat history?
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
