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Market is nuts, ISM miss, oil rally      4-Nov-09 10:46 am    
Reckless FED policy keeping rates at zero is completely irresponsible. They are still fighting financial Armageddon that never happened. This was a severe recession and in the past we never had rates this low?? The low last time in 2002-2003 was 1% and that got us the housing bubble and derivative mess. Bernanke is Insane giving in to the Wall Street cry babies.

Of course this policy is causing a rise in oil prices and other commodities creating huge inflation no matter what the spin. Any hopes for a US recovery will be dashed as oil heads back to 150 dollars a barrel and the consumer gets killed at the pump. Other commodity increases will force higher prices for goods. Add the weak ISM report today and the economy will be under pressure for years. We need rates back to 2% (that's still very low) to stem the dollar's decline and keep oil at reasonable levels to allow the economy to get better.imho
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  Subject Author Rating Time of Post (ET)  
 
Market is nuts, ISM miss, oil rally
rockinl23 (2 Ratings) 4-Nov-09 10:46 am  
 
I agree that the Fed must start to put up the Fed ...
manniesalad... (2 Ratings) 4-Nov-09 03:10 pm  
 
Well, you are so stupid. If you do not understand ...
edward_3141 5-Nov-09 01:51 am  
 
You don't seem to understand. Rates should on...
rockinl23 (1 Rating) 12-Nov-09 10:42 am  
 
does anyone have a clue what these two g...
calderlogan (1 Rating) 12-Nov-09 11:01 am  
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