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Norway may not be a very good example for the simply reason that they have a "mixed" economy with a high degree of socialism. I'm not so sure that all of the free-market capitalists here on ET would agree with your example. That having been said, they do however possess the second highest GDP...

You are mistaken. The FED does not have a mandate to determine the value of the dollar. ( If you don't believe me see the Q&A session between Bernanke and Ron Paul the other day during Congressional testimony ). Dollar policy is up to the Treasury Secretary. Your letter should go to...

Thank you. I really think that they should make Econ. 1 mandatory in high school these days. Given what I have been reading here on ET the last several weeks, this clearly is not the case.

And yet not one of these posters that keep harping on how the FED has been dramatically easing monetary policy can tell me why it is that the Fed Funds rate is still trading above the yield on the 2 year Treasury note . . . ( 3.0% vs 1.6% ). Go figure.

Economic growth = Job Growth Or is the above equation too difficult for you to understand? You must be even more ignorant than I first thought . . . and all this coming from someone that asked yesterday if the FED has the ability to put a price "cap" on crude oil. I should have known...

Of course. No surprise there.

Naaaaaaaa. There's no supply/demand imbalance with wheat. It has nothing to do with last year's horrible crop and people switching out of acreage to plant corn for the ethanol subsidy and the fact that inventory levels are at 5 DECADE lows! Naaaaaa, that's not it. :D

You still don't get it. It's NOT about rate cuts! If it was, the FED would have lowered FED FUNDS to below the yield on the 2-year Treasury Note by now. That's basic Econ. 101A which you obviously must have missed. Moreover, yesterday's action by the FED also has nothing to do with rate...

Good post! I actually believe that Paulson is very mindful of the FRAUD that has occurred and that is why he wants to buy some time so that everyone that is "underwater" in the subprime arena can re-finance and then that gets the mortgage lenders and banks off the hook from all sorts of...

Excellent idea Sir! Let's have the FED do some "matched-sales" to withdraw money out of the U.S. banking system so that the dollar will rally and commodities will come down. That way, the entire commercial banking system will implode and unemployment would go to at least 15% with a murder rate...

As of March 5th, they have $880 BILLION dollars of assets on their balance sheet to defend the U.S. banking system with. Should be interesting to see how this all plays out.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=120843&perpage=6&pagenumber=2 Kudos to peilthetraveler for his most insightful post! :)

Yeah. Let's raise rates back up to 6% so we can send the entire U.S. economy into a full-fledged Depression just so that commodity prices like oil ( which has a global supply/demand equation ) can correct. That makes a lot of sense.

Paulson's an idiot. He actually was quoted last weekend by wire services that this Administration has always advocated a "strong" dollar policy. If that's the case . . . I'd hate to see what a "weak" dollar policy is from this terribly incompetent Administration!

You are only part right. The FED has unfortunately been "saddled" with the job of facilitating the de-leveraging of the U.S. banking system. You can talk all you want about the LONG-TERM but we won't ever get to the end game of this scenario unless the FED is able to buy some "time" for...

Really now? The FED is freaking out about the stock market? How do you know this? The FED's actions wouldn't happen to have anything to do with avoiding a total meltdown of the U.S. commercial banking system, would it? Trying to avoid a Depression perhaps? Naaaaaaaaa. That wouldn't fit...

The FED's actions are trying to facilitate the DEFLATIONARY elements of the de-leveraging of the U.S. commercial banking system. But because you are not able to think past the typical "conspiracy" theories that run so prevalent on this web-site, you immediately think that the FED's actions are...

I vote this as post of the YEAR. Excellent analysis.

It's a pretty simple question. Especially when many people here on ET read post after post of his in the TRADING FORUM and yet he admittedly does not trade for a living.

Interesting 5 year "cycle" weekly chart on the SPX from the previous website: