AFTER BITCHING ALL MONTH FOR YET ANOTHER RATE CUT...THE MARKETS SEEM FROZEN IN FEAR THAT THAT GROSS INCOMPETENT...BERNANKE...IS ACTUALLY GOING TO GIVE THEM WHAT THEY WANT...!!
WHAT A PARADOX!
EVERYONE KNOWS THAT ANOTHER RATE CUT WOULD BE A DISASTER FOR THE DOLLAR AND OIL...
BUT THE SLAVISH FED IS ON AUTO-PILOT WHEN IT COMES TO "PLEASING THE SPECULATORS!"
THE IDEA OF "TOUGH LOVE" AND "TAKING THE PUNCHBOWL AWAY" ARE TOTALLY OBSOLETE, NEVER EVEN CONSIDERED!
...AND "SO 20TH CENTURY" THESE DAYS!!
LIKE A SPOILED CHILD...WALL STREET...AWAITS IT'S "TREAT"...KNOWING FULL WELL THAT IT WILL BE A DISASTER IN THE LONG RUN...!!
I SUPPOSE THERE IS SOME SMALL HOPE THAT THE FED WILL GIVE THE SPECULATORS A "TRICK" AND NOT THE TREAT THEY HAVE BEEN BELLYACHING FOR... WE' SOON SEE...
VERY SAD REALLY...
