I THINK HE'S HAVING AN ENEMA ... RIGHT NOW AS WE SPEAK.
What is Bernanke doing right now? 21-Jan-08 11:58 pm
1) Sleeping like a baby
2) Planning an emergency meeting for 8:00AM on Tuesday
He could care less. He is counting all the money comming back to the Fed from the stock accounts of 50 million Americans. Banks are getting fat with profits from short selling their customers stocks. He has no intention of cutting rates, he is letting Wall Street steal the money from your account.
This is the game they play over and over. Did you ever wonder how it is that banks always seem to emerge from these disasters with money to lend? The cylcle repeats itself. After the steal it from you, they will be more than happy to lend it back to you at 8% interest.
Get out of the markets and stay out. They will never let you keep your money and they will never be happy until they get it all. Nice timing on the holiday to trap the average investor. At least Asia and Europe had a chance to sell on a Monday morning.
America and the world get raped once more by Wall Street.
Japan's Nikkei 225 index, the benchmark for Asia's biggest bourse, skidded 4.4 percent in morning trading to 12,738.31 points, after dropping 3.9 percent Monday. Hong Kong's Hang Seng index was down 5.2 percent after plunging 5.5 percent the day before.
"Unless we get some positive 'shock effects,' such as drastic measures from the U.S. government, there is almost no hope for a recovery in stocks," said Koji Takeuchi, senior economist at Mizuho Research Institute in Tokyo.
yes he went grocery shopping and notice that eggs cost now 4 dollars...and thinking...: woow! people must to have lot a money inflation is so high I must tight interest rates...Idiot! he does not relize that what he calls inflation is hurting cunsumers pockets...help this mother fuquer to think clear