Dear Mr. Bernanke,
Why do you have to come out and tell us Fed's going to cut the rate? We all know you will at this month's FOMC meeting anyway. Gold and Euro shot up and I'm losing money on my investment club account. Low interest rate means basically printing more dollars. If there are more dollars, USD rate goes down and futures such as gold / grains go up.
I guess he wanted to lift the stock markets, but look at where we're now. It initially shot up, but now we're about where we were. I was looking to short at daily R2, but never got there. The daily R2 coincides with 8EAM on daily chart.
Bernanke, I know you need to clean up the mess that Boo-sh and Greenspan did, but will you just leave the market alone?
Thursday, January 10, 2008
Bernanke
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