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Ags Nightmare

Things That Should Never Happen

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This is a stock market related post but there are a couple of other things I will expound on that really piss me off. First, why does the Federal Reserve Open Mouth Committee have press conferences, appear on CNBS, 60 minutes, and Fed Open Mouth Committee members have rock star road shows now? A group of stuffy unelected plutocrats have taken over the frigging world. Ever since we started blowing serial bubbles after Iomega and Netscape went parabolic, the Fed has morphed into a Full Metal Zuul. A bunch of economic mad scientists have taken over the world. They tell us, as we spend more and more money on essential goods to survive, that prices are not going up. Why? Because they can and they are Zuul. The key masters. WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke will begin holding news conferences four times a year to answer questions about the Federal Reserve’s policy decisions. It represents a significant shift in strategy for the central bank, one that will give it a chance to defend actions that in recent months have faced harsh criticism. “The introduction of regular press briefings is intended to further enhance the clarity and timeliness [...]

 

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