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Post by beachbumbob on Nov 1, 2007 7:45:29 GMT -6
The markets appear to have a level of disconnect from the realities that sooner or later the awakening will happen. Hard to rationalize market performance in the face of some of the bleakest economic news I've seen in decades. The scamming of economic data may effect the unwitting, but knowledgeable folks can't be fooled by numbers that are so out of whack with reality. From unemployment numbers to CPI to GDP, the numbers are a farce. For intents, the biggest con game has been pulled (and still underway) on the american public. We have treasury secretary stating "strong dollar policies" as anything but is happening by this admin, by the FED. The financial world sees the reality as the dollar is plunging to record and historic lows against the bulk of the world's currencies. The delaying tactics will worsen the plunge I think to levels that we can't imagine. The crashing of the dollar will force central bankers around the world to abandon dollar reserves for good reasons. I know I'm ranting, but our govt can put out bogus numbers that defy reality I gotta say something.
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Post by docfung on Nov 1, 2007 7:51:07 GMT -6
Reality will set in today and tomorrow.
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Post by beachbumbob on Nov 1, 2007 7:59:13 GMT -6
the actions of plunge protection team only benefits propping up a failed financial polices trying to prevent the meltdown of bad investments, bad policies. No doubt they have been overtime for months to shore up the failing system.
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Post by jeffolie on Nov 1, 2007 11:46:26 GMT -6
I am disappointed repeatly and consistently at the acceptance by the main stream media and the lying, corrupt financial community's of the lying, corrupt economic numbers published by the lying, corrupt government.
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