Should they or shouldn't they....lower the interest rate. Of course I'm talking about the wonderful Feds. We all know what they are going to do. They will lower again. As they are consistently out of touch with the real world I am quite sure they will lower rates, the dollar will continue to weaken, oil will continue to rise, and the American people will suffer.
What should they do? Surprise everyone and raise the rates! Think of the shock this would cause. Oil would plummet, the dollar would strengthen, and it may just help check the rampant inflation and get America back on its feet.
Don't be fooled by the bogus inflation numbers. Inflation in the states is out of control. When the price of eggs is up over 30% that tells me inflation is rampant. Tomorrow I will fill everyone in on the falsehoods that are the inflation numbers, but hell, you don't need me to break it down, your wallets and bank accounts are telling you already!
Tuesday, April 29, 2008
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