WHY?
Just trying to inflate his way out of short term disaster without raising interest rates. Only three months to go and then it is all someone else's nightmare.
The resulting consumer recession will lag by two or three months at least so in effect he is there already.
Well done B...
Download CyberSchrub (free trial) and set level to Gutman (35 random passes)
Follow the instructions carefully and delete the disk in 35 random passes and then remove CyberScrub.
It will take a while but it can run whilst you sleep
By "spike" I am referring to the final thrust that is typical of hedgies unwinding and reversing.
The aussie is a good example. Will we see the upper 90s again or is it all over and the slide is under way.
jjf
The US banks will eventually reload and this might happen sooner rather than later, then the Fed will begin lifting rates.
(However I dont expect mortgages to stabilize until 2011/12)
If US has been successful in exporting it's financial misery then the global commodity boom is over, at...
All I know is that if the Gov/Fed want to reduce inflation figures quickly they need to multiply last months inflation number by say 0.66% and then claim that inflation has been capped and under control.
Given that they are all living at the tax payers expense, from their point of view...
Golly, and here I am thinking that the White House influence reaches into all sorts of places, whether it belongs there or not.
Or have I got it wrong
jjf
US will probably continue to morph into a technical society since the opportunity to expand as a social society has been squandered by sheer greed.
jjf
Unless the spending figure is inflation adjusted, then consumer spending shrunk a lot more than - 0.2% (0.6 minus 0.8) because the inflation number is synthetic and all less embracing, whereas spending is spending.
Or have I got it all wrong.
libertad,
I am somewhat surprised to read from a man of your calibre the apparent confusion between greed and common sense.
Both are as much a sign of the times as they are a reflection of the individual and sadly, very sadly we live in greedy times.
There are times when they merge and...
Thanks Surdo,
I have the DR1 site, but I am also interested in your opinion.
What do you consider the nicest places to stay and live on the north shore.
We thought we would go and rent for a few months to get a feel for the place and it struck us that the north shore would be a good...