Quote from john12:
the question that needs to answered is when will the fed pay a price for being in bed with wallstreet. as a poster said the fed is much more concerned about making fat cats and wall street happy than doing there job. inflation from medical to gas to food has clearly turned up and heading higher yet the fed sits on there hands when they should be raising rates. what the fed has underestimated is the us can slow to a crawl and countrys like china,india and south america can continue to soar and cause our inflation to soar. a few hurricaines in gulf this summer and oils $100.. the fed should be raising now to stop the mania in all financial assets from oil to wheat to soy beans to the free money out there to buy any company. WHEN WILL THE FED BE PUNSIHED FOR THERE EASY WAYS? WHEN WILL THE BOND MARKET HEAD TO 7% TO PUNISH THE FEDS NON FIGHT AGAINST INFLATION?
Amen, you took the words right out of my mouth, besides I hate typing.