Sunday, March 02, 2008

Cartoon of the Day: The Dinosaurs


At 3/02/2008 8:29 AM, Anonymous Anonymous said...

Inflation's Power: The Dollar in 25Years

On Wall St: Commodity boom backfires on consumers

The Federal Reserve is attempting to fill up the liquidity punchbowl with big interest rate cuts. But it is beginning to look like an old party trick. Cheap cash for consumers and Wall Street banks has not translated into lower mortgage rates, let alone alleviated stress in the credit market.

Instead the prime beneficiary has been commodities. The dollar has fallen out of favour and set record lows against the euro and a basket of rivals, helping to boost commodities prices across the board.

Since the Fed started to cut rates last September, the Reuters/Jefferies commodity price index has risen more than 30 per cent, with oil, precious metals and wheat all setting record prices this week.;_ylt=AiVpwiZ2J4vX3S.Jt4wzkJas0NUE

This isn't going to be a laughing mater as the empire crumbles, you better get your arms around that fact.

At 3/02/2008 10:39 AM, Anonymous Anonymous said...

Anon 8:29

The Fed lowering interest rates is just a way for the taxpayer to pay off the "losses" that lenders incurred through bad business practices.

At 3/02/2008 12:49 PM, Anonymous Anonymous said...

Just be glad that your government has not decided to do a full industry ballout - think Northern Rock in the UK. This little adventure in government spending should cost British taxpayers billions without solving the problems.

Ben Bernanke may not be stellar but it could be worse.


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