Wednesday, September 19, 2007

Down Outlawed

Markets continued their rise today after the Fed accommodations yesterday. Clearly one who dislikes confrontation, Bernanke capitulated to cries to save the trading houses and banks from themselves. The dollar continued its death dive as all the elements toward serious inflation have been put into place. The experts on wall street can assure you all is well only if there is free money and the markets are going up. Since a five percent correction now is considered a crash, immediate action is always required. The Fed has been convinced that always up is always better than anything down, regardless of any previous economic convictions.