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Old 07-20-2005, 03:59 PM
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Default Re: the crash awaiting

BUT, LOOK!! All is well according to Daddy Greenbucks!!


WASHINGTON - Alan Greenspan signaled Wednesday that the Federal Reserve will keep pushing interest rates higher this year in an effort to keep inflation on an even keel.

THE FEDERAL RESERVE!! PLEASE, DON'T INSULT MY INTELLIGENCE. YOU MEAN THE PRIVATE BANKERS. TAKE THE WORD FEDERAL OUT. NOW!!!

The Fed chief had mostly positive things to say about the economy, but he cautioned that a big run-up in already high energy prices could throw a wrench into the outlook.

WHO IS RUNNING UP THE ENERGY PRICES???? YOU AND YOUR ELK??

Greenspan also expressed heightened concern about "speculative fervor" in the booming housing market in some areas of the country.

For now, though, economic barometers suggest that the economy has emerged from a springtime soft spot, Greenspan told the House Financial Services Committee. The job market is improving, retail sales are picking up, business investment is firming and inflation is fairly tame, he noted.

LOOK, THE JOB MARKET IS IMPROVING. STOP MAKING UP DATA TO FIT YOUR AGENDA.

"Our baseline outlook for the U.S. economy is one of sustained economic growth and contained inflation pressures. In our view, realizing this outcome will require the Federal Reserve to continue to remove monetary accommodation," he said, referring to further interest rates increases.

CONTINUE TO REMOVE MONETARY ACCOMMODATION. WHAT? SINCE YOU PRINT MONEY OUT OF THIN AIR AND MAKE US BORROW IT TO FUND YOUR 'ILLEGAL' ACTIVITIES, SUCH AS WAR, JUST PRINT SOME UP AND THE ECONOMY WILL BE FINE. SEE, THERE'S MY ANSWER. NOW, THEN, GET CRACKING!!
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