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11:44 AM

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Subject Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?

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I was in the Kohls store today on my biyearly 1/2 hour shopping spree. There was no shortage of shoppers there. None of these folks looked as if they gave a rats ass about any potential currency crisis. I'll bet not one of them would have a clue as to what QE is.
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Marrying and being given in marriage, right up until the ark started floating...
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My point being the difference between inflation and hyper inflation. There basically has to be a no confidence vote consensus for the latter. The Chilis was full of face stuffing fatty's and the Kohls was full of spend crazy fatty's. Content and hyper inflation shouldn't be words that appear in the same sentence. But there ya go.
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I always knew there was a more sinister reason for my high school "economics" class being nothing more than filing tax returns and balancing a check book.

[b]So, the currency can never crash as long as people are too stupid to know it ought to, huh?[/b]
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LMAO, not saying that. Just pointing out that so long as the system is taking fairly good care of the poor and the rich are allowing it to happen, it might go on and on for a lot longer than GLPers estimate. 47 million Americans on food stamps now. Thats not saying that if Greece contagion takes out all the PIGS and spreads to the USA that I wont change my mind about HI. I just think if it comes, its still years away. But what I have read on HI shows it happens very quickly.
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Original Message At the end of the Federal Reserve’s two-day meeting, Chairman Ben Bernanke probably won’t come to the market’s rescue by announcing any new policy initiatives and may even aid a further decline with a significant downgrade of the central bank’s official economic outlook, investors said.

[link to www.cnbc.com]

Edit: 11/2/2011

Market opens higher this morning on hopes the FED will perform a miracle to negate the EU slippage & jump start the stagnant US economy. Will it work??

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