Despite the somewhat panic-induced stock sell-off this morning (and the much larger sell-off suggested by early morning futures trading, before the Fed announced a triple inter-meeting rate cut), the fundamental metrics of the American economy remain r…

And her party designation is D-OH? Priceless.

HAAA!! HAAA!!

I kid, I kid.

Who is dumber than 59 barrels of whale poo, her? or the people who continually voted her back into office?

unseen on January 17, 2008 at 10:45 PM

Equity valuations aren’t as extreme as they were in 2000, so I’m still betting we don’t see the same kind of implosion in the stock market, unless we see a prolonged recession with a severe decline in corporate profits or perhaps a mere 25bps from the Fed on Jan. 30th. Certainly the credit markets have been worse for some time.

he just looked back flabbergasted. It’s amazing what they have to sit through.

so true, If you haven’t sold yet there is still time to get out before the fall. the nasdaq fell over 80% from its top. the Dow has only fallen about 14% since its top. Get out now and wait until a massive crash and then buy with both hands.

If you follow the FEd they have down everything in their power not to lower rates. why I have no idea. Thety worry about inflation which is 100% due to oil and food price increases that they have no control over. the only way to lower oil and food prices is to destroy demand, the only way to destroy demand for these basic needed things is to place the economy in a recession/depression. But this causes more problems then it solves and ends up requiring you to lower rates inway to spur economic activity. thus you end up at the same place either way. One way gives you lower prices and a borken economy, the otherway gives you higher prices and a robust economy. With a robust economy you can pay for the increase in food and fuel, in the broken economy you still can’t pay for the reduced priuce of the food and fuel. The Fed doesn’t get it. And sadly will place this country into one of the biggest recessions we have seen in decades.

“with the other one”

The other one what?

unseen on January 17, 2008 at 9:56 PM

Amen to that. Bernanke should STFU before he drives the market down even further. And if things are so dire, why not cut rates prior to the Fed meeting on the 30th? The Greenspan Fed was too tight for too long and as a result had to take rates too far down when they eventually acted, thus laying the seeds for the housing/credit bubble that is destroying us now. Yet the Bernanke Fed is making exactly the same mistake.

It’s a hellhole, not surprising.

Well, I’m from Toledo…

kimpriestap on January 17, 2008 at 8:50 PM

I’m sorry — seriously.

…and let me tell you that Marcy Kaptur, Saint Marcy as she’s called, will never be defeated no matter how incompetent and uninformed she is. Toledo is, unfortunately, a guaranteed win for a Democrat.

kimpriestap on January 17, 2008 at 8:50 PM

Says a lot about Toledo, doesn’t it.

this is not a democrat/rep issue. This is an issue where our entire leadership shows beyond a doubt that they are stupid grandstanding pols that care nothing for the American people and only care what soundbites sound best.

I was sickend listening to this, and the Stock Market was too. That was the reason for the 300pt selloff. And there is more to come. We could see a crash tommorrow or Tues that would make 1987 look like a walk in the park. And while all this is going on these people are up there congratulating this idiot? They should have been demanding his job.