Mutiny at the Federal Reserve Has Begun

Quote from JamesVU2000:

Oil went from 50 to 140 something in a year and a half.

Bernake is dangerous. They have no idea what they are getting into with all these facilities and manipulations. They should be focused on winding down bad institutions.



Your right, the Fed should not be providing capital to unregulated Wall Street investment banks. They made bad bets. The depository banks and financial institutions are the only banks that should be helped by the fed, yet here we have them providing cash to un regulated gamblers how friggen stupid can you get.
 
The price of oil needs to get to 115 to even test the bottom end of the trend channel, which began in jan 07. Furthermore, oil prices have yet to 'exhaust' or run away like the NASDAQ did in 2000 or GOOG did in 2007.

This is just a normal V correction or a 4-wave in a regular old 5-wave uptrend. Prices will probably overshoot the bottom of the trend line and test the 200 dma, to fake everyone out that the trend has reversed.

I'd be putting my buy orders in at 110.
 
Quote from JamesVU2000:
They should be focused on winding down bad institutions.
That would be the job of Paulson, the treasury and the FDIC, not Bernanke.
 
I couldn't disagree more. IMO Bernanke is mistakenly often being blamed for the failure that is the treasury department.
 
Quote from makloda:

I couldn't disagree more. IMO Bernanke is mistakenly often being blamed for the failure that is the treasury department.


Bernanke has opened the discount window to investment banks. Investment banks are non depository and the fed has put the public’s capital at risk. What a hair brained move. Guess what they accepted as collateral, yes rotting houses, just brilliant.

And wouldn’t you know it. it’s all during an election year. Flash back to late 2005 and 2006 another election year 2006 that’s when all the crazy lending took place during an election year.

And here we go again, now it’s the Federal Reserve making risky bets, but what do they care they just print money out of thin air, and collect our tax dollars man what a racket. Makes organized crime look like child’s play.
 
O' Ye defenders of Bernanke and his minions.

Did you ever hear of the term 'price stability?'

Maybe instead of hoping and praying that time will heal all wounds, they could actually do something about it now, and obtain that much needed purpose.

Oh yeah.

Lee Hoskins, former FOMC member, was just on Bloomberg and spoke intelligently to this very issue.

But Bernanke will probably just keep 'anticipating inflationary inputs to moderate in the foreseeable future,' thus chickening out, again.
 
Quote from ByLoSellHi:

O' Ye defenders of Bernanke and his minions.

Did you ever hear of the term 'price stability?'

Oh yeah.

'Price stability" is a euphemism for "prices not allowed to go down, but it's OK for them to be inflated into oblivion"... :mad:
 
Quote from ByLoSellHi:
Did you ever hear of the term 'price stability?
Yea I look at the 10y treasury yield and see ZERO risk to price stability. If anything, there's a deflationary risk.
 
Quote from makloda:

Yea I look at the 10y treasury yield and see ZERO risk to price stability. If anything, there's a deflationary risk.

you never see risk to price stability

do you understand how treasuries work?

the fed can buy treasuries at any price - so if they want they can just buy all US debt and interest would be ZERO

although inflation will be something like Zimbabwe

treasuries can't predict inflation as fed always can inject additional money into the system buying treasuries and thus decreasing interest rates

try to think about it, makloda
 
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