The markets are facing Fed exhaustion. The economy is slowing and yet they keep telling us we might need more rate hikes. Can these academics get out of their ivory tower and just look around, hey, go shopping, ever try that? Pricing power? Where? Have you seen any price hikes anywhere? Can a business even afford to raise prices without losing customers? Enough is enough. These bow-tied tunnel-visioned tinkerers are going to throw us once more into a recession. No more rate hikes. Get it guys?
Our only hope is that their wording was meant for the new chief and that they did not want to put his back against the wall by saying hikes are over after this one. Let's hope. And let's hope Bernanke is a little more hip to what is going on in the real word and actually studies earnings reports, or just goes to the Dell web site and notices computers are still just as cheap as last year and you can get a free memory upgrade, a free DVD burner and a dual core for under a grand. And free shipping, even though oil is out the roof.
There, I said my piece, now we need to study the charts and see what the street does from here. My next post.
Our only hope is that their wording was meant for the new chief and that they did not want to put his back against the wall by saying hikes are over after this one. Let's hope. And let's hope Bernanke is a little more hip to what is going on in the real word and actually studies earnings reports, or just goes to the Dell web site and notices computers are still just as cheap as last year and you can get a free memory upgrade, a free DVD burner and a dual core for under a grand. And free shipping, even though oil is out the roof.
There, I said my piece, now we need to study the charts and see what the street does from here. My next post.
This entry was posted
on Saturday, February 04, 2006 at 4:47 PM.
