Tuesday, August 07, 2007



Inflation Pressures



The Federal Open Market Committee decided today:

“A sustained moderation in inflation pressures has yet to be convincingly demonstrated.”

Let's analyze this:
“A sustained moderation (rhetorical bullshit) in inflation pressures —has yet to be convincingly demonstrated— (rhetorical bullshit),”


All of Bernake's buddies get only one thing from that innocently cryptic message: inflation pressures. They will begin selling off their stock holdings (sell high), buying up T-bills, and safe bonds, land, gold, art and anything else to hedge against the continuing crisis while making ready to gobble up cheap deals once the market has plummeted low enough to once again "buy low.