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
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- Tuesday Video Transcript on Gold (04/21/09)
- Very Interesting Video on Gold (06/30/09)
- New Video and Dollar Chart (08/11/09)
- New Video Transcript: Massive Decline or Market ‘Melt-Up’? (09/01/09)
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