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lquadland10 (< 20)

Can the Fed raise rates?

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May 05, 2008 – Comments (3) | RELATED TICKERS: POT , AUY , MON

Will the Fed cut rates? Probably another 25 bases points. Why you ask? Well, the banks are still in trouble. No doc loans are still being made. Credit Cards delinquency rising. Oil and food out of sight. Can the Central Bank called the Fed raise rates? Yes they can but they won't. The arms loans are still are being made so if the rate is raised then this mess comes back with a vengeance. Look for these prices for the next 5 years. Oil and the dollar are both high right now. Why? Beats me. Maybe the wall street people are still in denial. Do you think that the Central Bank will raise the lending rate and risk a torrent of foreclosures again? The Rate is forcing more foreclosures now as it is. I wonder how long it will take for the currency's traders realize that the dollar won't strengthen any time soon. Now for the good news. Min wage will go up in Nov. by a $1.00 to $6.85. Now if you lost your job on wall street you can always get a job in the service industry. I hear they need help and they pay a really good wage of $6.00 an hour and you know that you will see a pay raise in Nov.  Now I know that it won't cover a gal of gas and a gal of milk, but it will cover one of them and if you go to the day old bakery you can have a loaf of bread. Remember to walk there to save gas money and to keep in shape. Oh yea Bac is thinking of pulling out of the Country Wide deal. Where is your money at? As the commercial  says  "Can you hear me now?" Get used to 6.00 a gal. because the dollar will tank and then they will introduce the Amero. as the new currency. Raise the Lending rate and oil will drop as well as food prices. Then the riots around the world will stop because they can then afford the food again. Save for Christmas it is going to be a lean one.

3 Comments – Post Your Own

#1) On May 05, 2008 at 9:59 PM, thought4 (20.16) wrote:

Love the dry humor but so true.

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#2) On May 06, 2008 at 11:21 PM, abitare (38.89) wrote:

lq,

Oil and the dollar are both high right now. Why? 

Oil is high because of the war. Dollar is the reserve currency and it is falling hard. 

A "Minumum wage" is artificial and ridiculous. What is the minimum wage in San Franscisco? Should it be the sames as Greensboro, Indiana? All you are doing is preventing new busiess from starting by setting a "minimum wage" that franchises typically have the advantage over mom and pop businesses that may not support a minimum wage in the begining.

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#3) On May 07, 2008 at 2:10 PM, lquadland10 (< 20) wrote:

Hey aba, I don't make the national min. wage I am just reporting what congress has passed into law. Cal . has their own min. wage for their state as do other states around the country. Oil is high because of the war. Dollar is the reserve currency and it is falling hard. Yes I know the currency is going to fall hard, I was making a pun at the fact that the dollar is rising during this time. I wonder how long it will take for the currency's traders realize that the dollar won't strengthen any time soon. Ok so it was a bad pun. Oil is high because of the war. You also forgot to mention the fact that helicopter ben tank the value of the dollar to save the banks. No doc loans are still being made and congress is not fixing the lending laws that are bad and  bail out the lenders.( I signed your petition) Also countries around the world are hording oil to get the next bubble in the making. Alt. energy like solr wind nat gas and hydrogen. How long do you think it will take for the depression to hit.  I liked your blog on the guy coming out on housing yesterday because it fits into why the Fed can't or won't raise rates. The arms loans are still are being made so if the rate is raised then this mess comes back with a vengeance. All you are doing is preventing new business from starting by setting a "minimum wage" that franchises typically have the advantage over mom and pop businesses that may not support a minimum wage in the beginning.  I had my own mom and pop  business for a few years and we were going to expand before my accident. When I started the business I paid the people who worked for me double what min wage at the time because for me it worked out better for me. I could have made more but at what cost. But then most business people don't do it the way I do. To them people are like cattle use them and toss them. Now I keep a job for the health insurance and so I can take care of my father until he passes. Then I will have time to get my other project off the ground in a bigger way than now. My main point for the article  was that the fed can't raise rates. 

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