posted on Nov, 26 2009 @ 07:52 AM
Well, those genius minds at the Fed have had a meeting recently - and anyone who knows anything about economics will find the following quotes
amusing, bear in mind these were not made in Feb or March - they were made this month.
Federal Reserve officials said record-low interest rates might fuel “excessive” speculation in financial markets and possibly
dislodge expectations for low inflation, according to minutes of their meeting released today.
“Members noted the possibility that some negative side effects might result from the maintenance of very low short-term interest rates for an
extended period,” minutes of the Nov. 3-4 meeting said, “including the possibility that such a policy stance could lead to excessive
risk-taking in financial markets or an unanchoring of inflation expectations.”
I fear there was a real danger of my head exploding when I read these statements, if they had included one more 'might' or 'possibility' - then my
head would have certainly surpassed designer specifications for the consumption of stupidity.
Truly - I could not think of anything more inane come out of ANYONES mouth - let alone from the Fed officials.
What has been happening since March this year? With PE ratios over 100, equities rallied in a contradiction of all common sense, and underlying
conditions - perhaps this was due to the Fed giving away free money? Perhaps - maybe?
Now - they are saying, perhaps free money might encourage people make silly bets on stuff - at some future time? Perhaps - it might lead to higher
All anyone has to do is point at the gold price - is that something that MIGHT POSSIBLY MAYBE go up at some future date? Or did it happen already?
I am dumb struck - literally - these guys are like so many headless chickens, how can they expect anyone to take them seriously when they open their
mouths and PUBLICLY reveal themselves for morons?
They had the audacity to say 'they see this as a low probability' .. ?? Something that has already happened might-possibly-maybe happen at some
If they were just trying to be tricky - if this was supposed to be disinfo from the Fed - then they could have at least thought of something that
sounded remotely intelligent.
[edit on 26-11-2009 by Amagnon]