the fed doesn't know what it's doing

[gaazn]

they are delaying recession, but setting us up for a depression.

 

[niall]

Yep. Buy gold, and then prepare convert to equities when the Dow/Gold ratio reaches 5 or below and starts turning back up. See chart below (BTW, the current ratio is already about 13.5 now, down from 18 in this chart)

 

[Patrick Henry]

Yep. Buy gold.

I just bought some today. This is really starting to scare the crap out of me!

 

[rollingpig]

they know exactly what they are doing, the problem is they dont give a shit about us people.

 

[Velastor2]

They are trying to keep the big banks working...that seems to be all that matters to the Fed. Well that and investors...

 

[OhioMichael]

Todays intervention by the fed circumvented a correction that seemed all but inevitable. Although the market is not significantly lower, the fundamentals of the business environment have not changed. Almost every indicator points towards a downturn in the US economy: record mortgage defaults, rising credit card defaults, high unemployment, a deflating dollar, rising energy costs, and the highest inflation rate in seventeen years.

Today's action by the fed not only bailed out the market and and its participants, but it shows that the market has an unwaivering confidence in the federal reserve's ability dictate the business climate globally. Instead of being alarmed by an 'emergency rate cut', investors chose to believe that the fed has magically made things better yet again. Given the underlying fundamentals of this economy, one has to wonder if this is only a temporary fix. At the very least, todays action has bought market participants some time. Every investor should consider carefully whether they have implicit faith in the fed, or whether there may be harsher consequences waiting down the road.

 

[AnalogDan]

Yeah, they know what they are doing. They are attempting to bring the global economy to it's knees; then they'll swoop in and save the day with the amero, etc.

 

[werdd]

artificial low rates are the problem, expect ron to bash bernanke again.

 

[Green Mountain Boy]

They know what they are doing. Problem is, there is no real way to prevent depression at this point unfortunately, imo. Is is just putting off the inevitable.

 

[Give me liberty]

Hmm where is the best place to buy gold if things turn out bad?

 

[Janet0116]

I agree. We NEED a recession, the sooner the better. What the hell is wrong with people?

 

[Santana28]

what do you suggest for us poor folks who can't afford to save more than a couple hundred a month (at most). i'll be getting a new job soon and i intend on throwing every extra cent i have into gold, but is it too little, too late? or does every little bit help?

i guess i'll go buy a moped and learn to grow hydroponic tomatoes now....lol

 

[lemnad]

They will do anything for a short term gain no matter the long term consequences. It's the general publics fault. They can't handle the truth because they just fall apart and panic.