I have a new video for UncommonWisdomDaily.com. If your video isn’t working properly, here’s a transcript: www.uncommonwisdomdaily.com/wp-content/uploads/2009/08/UWD153.pdf
And if you want to view the video: http://www.uncommonwisdomdaily.com/is-the-crisis-over-2-6588
Here’s some other news …
Fed official: rates to be kept low past upturn
Financial markets have not fully understood that the U.S. Federal Reserve’s pledge to keep interest rates exceptionally low for an extended period means they will stay low beyond when officials normally would raise them, a top Fed official said on Friday. “I don’t think markets have really digested what that means,” St Louis Fed President James Bullard said in an interview.
XX Sean’s note – hint, that means that inflation isn’t going to bother them.
The CFTC Is Needlessly Breaking Good Products
“Suppose it’s illegal to chew gum in a mall. Authorities stop the person from doing it. However, at the same time there isn’t any rule from smoking crystal meth at the mall so it continues unabated. Such is the current situation with the CFTC’s action where the low hanging fruit is easy pickings for regulators but the swap market remains unscathed.”
Related posts:
- News and Chart for Wednesday Here is some news I’m reading today … •1) CFTC:...
- Joker Economics White House to Lower 2009 Deficit Estimate to $1.58 Trillion...
- Stories to make you Hulk-Smash Angry Be sure to check out my video for today. It’s...
- Cry Havoc, and Let Slip the Dogs of Gold!* Fed May Not Start to Raise Rates Until Early 2012,...
- Tuesday Video Transcript on Gold I have a new video for UncommonWisdomDaily.com today. It’s about...
{ 0 comments… add one now }