< HOME  Tuesday, May 02, 2006

Money Markets: ‘Duh, Which way should we go?’

Bernanke has even the brightest investors scratching their heads over his latest clueless remarks.
The dollar remained under pressure Tuesday as investors continued to digest CNBC's report on Federal Reserve Chairman Ben Bernanke's comments and awaited his Wednesday speech for moreclues on the U.S. interest-rate outlook.
One can only hope that they choke on the next report.
With little U.S. data on the calendar today, "trading may well stall at the spike highs made yesterday morning before news of Ben Bernanke's change of tone caused the market to buy back dollars," said Boris Schlossberg, senior currency strategist at FXCM.
What an extraordinarily efficient way to run markets!
The dollar rebounded from a one-year low against the euro late Monday after CNBC anchor Maria Bartiromo said the Fed chief told her that the media and the markets had misinterpreted his words last week as a signal that the central bank would pause after one more rate rise. Bernanke also reportedly said he regretted that anyone in the financial markets would view him as dovish.

Last Thursday, Bernanke told the congressional Joint Economic Committee that the Federal Open Market Committee, the Fed's policy panel, would pause at some point to assess the impact of its steady stream of rate increases even if inflation risks remain. He also said, however, that a pause did not mean further rate rises were out of the question.

"He's backtracking his past statement and he's trying to clarify through the media, which makes him look a little bit less credible. If you have a Federal Reserve Board chairman that looks less credible, that could be considered dollar-negative," said Malpede.
Uh, pardon me. But, it's impossible for Bernanke to look less credible than he already is.
Analysts at ABN Amro said the "reaction looks overdone" since Bernanke was "pretty clear" in his testimony that "the Fed pause was just a pause and the next moves would be data-driven."
That should shatter any hopes you have left in the "wisdom" of free markets.

8 Comments:

At Tuesday, May 02, 2006, Blogger thepoetryman said...

Freemarket hopes now shattered. They had best get on the ball or China will rope off this country and "shell" it to the highest bidder!

 
At Tuesday, May 02, 2006, Blogger borkafatty said...

funny thing is moments ago they were talking about a depression on msnbc..buy gold and silver if you have a vast amount of paper, and when your local cab driver starts talking about buying the stuff//SELL!!!

 
At Tuesday, May 02, 2006, Anonymous Mighty Thor said...

Topmost Masterminds Continue Orwellian "Perp. War"
(Mighty Thor, 2 May 06)

Well, I submit all Jew-oligarchs (like the CFR--Council on Foreign Relations--see JBS.org) really care about is short-term and "consumer confidence," as Greenspan always talked about. We patriots must merely apply a biologic remedy consisting of enforcement of rule-of-law objectivity, most natural and healthy for the West and Christendom.

Meantime they (Judeo-oligarchs) plan to continue Orwellian "perpetual war...." Fed (Federal Reserve Bank) counterfeiting racket is thus necessary target fuelling such "perp. war," including for example, financing of mass "Jews-media" which programs, manipulates, and exhorts the mass psychology, integral tool of the imperialist mammonist regime founded in heresy, like "Judeo-Christianity" (JC--see Whtt.org).

Resulting "monetary collapse" will be opportunity in reality--precisely what we patriots must promote, sell, and talk-up to the people, encouraging them with idea life doesn't have to be slavery to conspiratorial Jews/accomplices imperialists.

Culture, for abstract context of anti-Fed politics, requires RATIONALIZATION, but also, perfectly parallel, in aesthetics, an antisemitic note of decisiveness. Topmost enemy is subjectivism and conspiracy thereof including all the gentile accomplices; but note as Judaism worships such subjectivism, Talmudics naturally dominate the conspiracy, the CFR reportedly being 47% Jew according to Birdman at theBirdman.org.

Israeli charade is mainly decoy-diversion to topmost goal of world domination-empire through United Nations.

Obvious heresy behind which these Judeo-oligarchs rule is non- or anti-racism, a typical subjectivist absurdity, justified typically on "moralistic" grounds, as Pelagian heresy, yet another element in the complex-matrix of conspiracy. (See Apollonian New Testament conspiracy theory-analytic-template, coming again on NewNation.org under "commentary" heading.)

CONCLUSION: Necessary antisemitic program is institution-restoration of rule-of-law objectivisticism, native to the West at its best, so foreign and contrary in present Spenglerian "Decline of the West" in hubris, subjectivism, moralism, etc., captive of Judaic Talmudism, disease-of-opportunity. Honest elections and death to the Fed. Thor

 
At Tuesday, May 02, 2006, Blogger borkafatty said...

Dude what ever! christ go somewhere else and preach your spew. Anyway the media is all over this, with Iran and the markets, I would have to say this shit is building faster than one can keep up with...we in the united states are in deep shit..I cant wait to see how this all plays out.

 
At Tuesday, May 02, 2006, Anonymous Mighty Thor said...

Borkafatty: Don't worry shitbrains--I go everywhere I can "preaching ... spew," okay, u stinking, scummy, ignorant little spuke? U better get it straight punk-hole--u better be antisemitic in the end--these are aesthetic necessities; metaphysical either-or. How'd u like them apples, dude-brains? Honest elections and death to the Fed. Thor

 
At Tuesday, May 02, 2006, Blogger Citisucks said...

I don't think it will long until the revolution. It was really cool in downtown Denver yesterday. The streets in Downtown Denver were more or less shutdown. It was awesome to see all the pissed of rethugs and SUV "liberals".

 
At Wednesday, May 03, 2006, Blogger borkafatty said...

Mighty Thor said...

Borkafatty: Don't worry shitbrains--I go everywhere I can "preaching ... spew," okay, u stinking, scummy, ignorant little spuke? U better get it straight punk-hole--u better be antisemitic in the end--these are aesthetic necessities; metaphysical either-or. How'd u like them apples, dude-brains? Honest elections and death

2 words come to mind when I read your reply...BITE ME!

 
At Wednesday, May 03, 2006, Anonymous Mighty Thor said...

Mammon's "Prosperity" Still Aluring To So Many
(Mighty Thor, 3 May 06)

Enough folks have to know what's going on for successful revolution--there's still too much "prosperity" for enough people to too seriously care about things too much. Note Judeo-oligarchs are always on the watch and quick to provoke and anticipate things. But I'd say the (revolutionary) movement is growing. Spenglerian "Decline of the West" must still exhaust itself and reduce to absurd for enough people still.

Great progress can and will be made as the "Judeo-Christians" (JCs--see Whtt.org), who think they're "Christians" by being slaves to Jews ("supporting" Israel), are brought to see how they've been duped by Jews and their own "leaders," bribed and bought by Jews, like Falwell, Robertson, Limbaugh, O'Reilly, et al.

CONCLUSION: For there's no true "Christianity"--or reason, for that matter--that isn't antisemitic, the dirty little secret so many fear to speak and think. Honest elections and death to the Fed. Thor

 

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