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Well, the Fed Chairman has been appointed for life.
I do not know your age, but we have had one shining
example in this country of a Fed Chairman willing to
do what was needed and he frankyl told the
politicians..."You enjoyed the party, now it's time
for the cure." Some of us remember Paul Volcker
fondly. It wasn't a fun cure, but it was an effective
cure. And the Fed Chairman is not accountable to
politicians IF he has a spine and knows what to do.
IF...
Tim Morge
www.marketgeometry.com
--- Rakesh Kumaar Sahgal
<rakeshkumaarsahgal@xxxxxxxxx> wrote:
> Biting the bullet with an election around the
> corner?? Politicians are the same everywhere....
> whether in my country or yours.....there is one
> recessive gene common to them .....the one that
> makes people accountable...sorry for the rant folks.
>
> Good Trading to all
>
> R
>
> Timothy Morge <timothymorge@xxxxxxxxxxxxx> wrote:
> Just ask the Japanese Government what it feels like
> when you try everything...run out of bullets...and
> nothing works.
>
> Only taking the punishment will fix this problem.
> The
> sooner they bite the bullet, the quicker it will end
> and then healing can begin.
>
> This window dressing prolongs the inevitable and in
> the end, makes it all worse.
>
> One man's opinion.
>
> Tim Morge
>
> www.marketgeometry.com
> --- Deosaran Bisnath wrote:
>
> > Friday, February 1, 2008, 7:00 AM PST
>
> > WASHINGTON (AP) The Federal Reserve says
> it
> > will provide $60 billion in fresh cash to
> commercial
> > banks in two auctions in February and will keep
> > holding auctions every other week for as long as
> > needed.
> > It must be really bad for the FED to be throwing
> > almost everything. What if all the FED's ammo is
> not
> > good enough?
> >
> > Two rallies today - YAHOO takeover rally and FED
> > $60 billion rally - have fizzled out, one hour
> into
> > the trading day.
> > .
> >
> >
> > ---------------------------------
> > Never miss a thing. Make Yahoo your homepage.
>
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