New Year Fast Approaching: Bernanke = 2007 Jackass of the Year

Quote from Jayford:

I agree with Easy. Bernake is screwed no matter what he does. The situation was not of his making.

My problem with the FED is that although lower rates may help Wall ST, it will do nothing for the housing market. The FED has no control over long term rates, and if lower short term rates are seen as inflationary, long term rates actually rise. This happened briefly after the .50 cut.

Just let the damn markets correct. Take the pain now. If you keep putting it off, it will only be worse later.

And yes, inflation is going gangbusters, unless you don't eat or drive.

Jay
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If I can just figure out a way to stop driving....I'll have the problem beat....I haven't eaten in like 3 years...maybe 4.
 
You, europeans have to stop taking afternoon naps and become more competitive.

Please stop blaming the USA for your troubled economy.
 
Quote from makloda:

My vote goes to all the whiners bitching about how the Fed is blind or corrupt, the markets are rigged, how the dollar is imploding or how gasoline is getting too expensive.

Wall Street is open every business day so we all can place the proper trades to cover our asses. Don't like the dollar? Go long GBP EUR CHF and hedge your portfolio. Think Oil will goto $150 a barrel? Go long CL futures. Think inflation is really 20% monthly rather than 0.2%? Go short TY futures.
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Your solution is to shut the barn door after the horses have already escaped?

Back before the Dollar collapsed, I protected only 20% of my net worth with gold, silver, EUR, and CHF. The other 80% was kept in Dollar denominated assets, unfortunately. However, I bet 99%+ of Americans didn't even protect as much of their assets as I did.

My question is: How many people do YOU personally know, who had the foresight to protect 100% of their net worth against dollar devaluation, six to ten years ago? Can't think of a single person, can you?
 
(Your solution is to shut the barn door after the horses have already escaped?

Back before the Dollar collapsed, I protected only 20% of my net worth with gold, silver, EUR, and CHF. The other 80% was kept in Dollar denominated assets, unfortunately. However, I bet 99%+ of Americans didn't even protect as much of their assets as I did.

My question is: How many people do YOU personally know, who had the foresight to protect 100% of their net worth against dollar devaluation, six to ten years ago? Can't think of a single person, can you?)

I remember getting out of dollars into euros and gold back in 2002. Bought gold at $322.90 and euro at 0.99. I just wish I hadn't gone into euros. Gold in euros atthe time was around eur320 and is now above eur500!
 
Quote from stock_trad3r:

please cut rates again helicopter ben
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I'm not sure he will listen to you but I am certain that you are exactly the kind of mindless sheep that he is trying to assure with his stand-up comedian acts about inflation. I guess they did a surrvey and found the ideal target audience to give to their playwright. Not many of the sort here, but it seems you represent the masses. Good to fade.
 
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