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alstry (< 20)

Is the FED lying to us????????????????



June 25, 2008 – Comments (11)


The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.

Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing contraction, and the rise in energy prices are likely to weigh on economic growth over the next few quarters.


"Frankly, there's very few levers left ... [T]his energy crisis is affecting consumers ... People aren't spending. People aren't driving. Really, you need to look at ways to control what's happened in the inflationary world and really take the risk that by raising rates, you may actually cause some demand to go weaker. I think it's back to where Paul Volcker was in the early '80s. There's a real risk here and we've got stagflation. You can only break out of it one way and you better take on inflation head-on."

Andrew Liveris, chairman and CEO of Dow Chemical, June 24, 2008



11 Comments – Post Your Own

#1) On June 25, 2008 at 3:12 PM, lquadland10 (< 20) wrote:

Lying unless you take into thought that they also use wages as an inflation issue and if people are not getting a pay raise to cover the higher prices all is well in la la land.

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#2) On June 25, 2008 at 3:23 PM, hansthered0 (< 20) wrote:

Think of it as damage control alstry. The fed has the job of telling us our puppy just got ran over and not having us go crazy about it.

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#3) On June 25, 2008 at 3:26 PM, LordZ wrote:

Life is but a fantasy...

All hail inflation.... its not so bad...

Its not like a rate increase can curb it

Funny what we can do to minimize inflation is to stop converting food into ethanol...

Our politicians are looking to blame speculators... when the blame squarely falls to them...

when they look in the mirror... if only they could see how bad they are screwing up....

If only they could schedule congress meetings to embarass the fools who are encouraging this ~~~ cough cough

OSAMA BIn Barack and his Illinois roots

where he likes the fact that corn is being diverted from food to stupid ethanol ~~ his new world fuel...

Now we cant afford to eat as well as drive.... thank you...

for nothing....


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#4) On June 25, 2008 at 3:26 PM, jesusfreakinco (28.24) wrote:

Is that a rhetorical question or do you really want an answer.  Bennie inherited a mess and will go down as the second worst Fed Chair (behind Greenie).  He is spineless and will finish off what Greenie started, unfortunately. 

He has doomed the USD which will doom the economy and the average US consumer.  

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#5) On June 25, 2008 at 3:30 PM, abitare (30.02) wrote:

Jim Rogers


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#6) On June 25, 2008 at 3:34 PM, alstry (< 20) wrote:

Food and fuel getting to the point where fewer and fewer can afford it.  I am aware of major building projects being cancelled because current costs have risen over 25% from budget just a few months ago.

Now a statement like this which is probably going to kill the dollar.  If wages were going up, that would be one thing....but wages are tanking as prices are skyrocketing.

Pretty soon will gas be $10 per gallon even though demand is down?  Will a bottle of milk be $8 per gallon to cover plastic and transportation costs?

If wages are crashing and prices are skyrocketing, pretty soon things shut down.....oh, isn't that what we are seeing right now?

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#7) On June 25, 2008 at 3:49 PM, DemonDoug (31.05) wrote:

Your question requires a slight modification.  The real question is:

Is the fed incompetent or dishonest?

I have asserted many times and am re-asserting now, they are lying liars and I want them thrown in jail for massive fraud.

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#8) On June 25, 2008 at 3:55 PM, alstry (< 20) wrote:

Sometime America will finally wake up.  I am just not sure when.  How many jobs will have to be lost?  How many families thrown on the street?  How many businesses bankrupt?  How high will prices go beyond the affordiblity of more and more? 

When America finally wakes up and realizes what has happened.......that is the time to worry.

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#9) On June 25, 2008 at 4:01 PM, thisthatother47 (63.56) wrote:

There are plenty of examples out there of where we are headed. If they don't fix oil now (by taking a major stand against wall street), guess what we will be hearing about come winter...

“Eighty percent of homes in Maine are heated with oil,” - that article tells the rest of the story.

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#10) On June 25, 2008 at 4:52 PM, abitare (30.02) wrote:


Aligned with DD.

I posted on Greenspan here 20 Jan 08:

Alan Greenspan cashes out. A Fool? A Crook? or Maestro?

Jim Rogers says the FED will not last another 10 years.  


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#11) On June 25, 2008 at 6:39 PM, eskatonic (28.51) wrote:

if they believe it to be true is it a lie?  bernanke is just a micrmanaging meddler who really would fit in better in a communist economy.

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