Tuesday, December 28, 2010

Lets see now, was it not Moody's that rated a better part of $1.75 TRILLION in sub-prime loans AAA? Do we really think they have a clue about the soundness of the US economy. At best they are the worst in the business at their worst perhaps just crooks. I would not sell nor buy anything based upon their "ratings" or their advice. Look what it got the world economy!Rumors and innuendo. That's how the market is constructed. Not true value, pure speculation. Savings interest rates will remain low until Congress can better decide how to tap into that market to skim it (after 2010 elections of course).I agree that we WILL NOT know what shape the economy is in until we have a discount rate around 4 to 5 percent. Low mortgage rates only encourage the same wrong thinking and actions that caused the meltdown (sub-prime mortgage). The Larcenous class is not about to allow that, as it would expose the level of greed and deception by our CORPORATE and POLITICAL LEADERS!!!!!!Just like the government to keep giving free money to Wall Street. Screw the people, keep the Wall Street executives in the life styles of the rich and infamous."Investors also were cautious after India's central bank raised interest rates to combat rising prices. That prompted concern that central banks in other countries would follow suit. Reports in the U.S. this week signaled that inflation is minimal.".......really? I'd love to know how they measure inflation in the US cause every damn bill I pay is going up and not because of increased usage either! The must exclude utilities, property taxes and insurance premiums from the calculation!!

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