Skipper Bernanke has decided to steer the ship toward the rocks once more to try to give the goons a fighting chance of saving their tails
While the upside to all this meltdown is that the dollar has staged a comeback of sorts against other currencies. It has battled back in recent months as other markets have had to choke down their share of the mortgage derivative nonsense that has plagued the US market for the last 13 months.
What we have realized has been a relaxation of the unabated price escalation in fuel and some sectors of the food market. Corn, soybeans and wheat have dropped about 30%-50% since February and energy prices have moderated a bit as well. For most of us regular folks, that has been the only good news lately.
Now Bernanke has tossed about the idea of lowering the interest rate once again in an effort to stop the bleeding. Now, if I may ask, is this supposed to do to bring back investor and consumer confidence. If we keep feeding the populace that everything is gloom and doom, it will fuel the markets and everything related to follow.
We just forked over approximately $2333.00 for every man woman and child in this country to try to stabilize the market. It was supposed to take some time. 2 freaking business days isn't any time. Get a freaking grip already. I compare this to that time in the summer when the water moccasins are breading. STAY OUT and STAY AWAY until the frenzy is over. People are doing that and then stupid people are taking the hit and abandoning all their positions.
How about a little calm please.
Someone find a dirty sock and stuff it down Bernanke's pie hole so we can't hear him anymore. He is like an oncologist who walks in and says: You're gonna die. Gee fucking thanks Doc. I appreciate the uplifting message. You are most likely good at what you do but you obviously don't do motivational speaking engagements.
Things are going to be okay once again. Just don't panic sell everything you own. Keep making your payments if you can and keep a positive outlook. You and all the rest of us have a lot of money invested in this "plan" working.
What is going to have to happen is we are going to have to quit trying to milk the bulls and and feeding the bears. Everyone is confused. What is going to have to happen is that someone is going to have to take the first step and spend some money on a weathered but not broken stock. Someone is going to have to step to the plate with making money as their mission for the day. Bernanke needs to take a trip to the moon or something. Every time this goof speaks, confidence wanes and the general direction of everything is down.
Blogged with the Flock Browser

No comments:
Post a Comment