Lazy Sunday Linkfest
My Latest Interview with HoweStreet.com is here: http://tinyurl.com/2tk43k
I read theStreet.com and RealMoney.com a lot (my friend and top-notch analyst Kevin Baker writes for that outfit). Here, Doug Kass gives his take on 9 Reasons the Fed Can't Save Stocks
And maybe it's a good thing we aren't relying on the Fed to save stocks, because Philadelphia Federal Reserve Bank president Charles Plosser on Saturday said that The Federal Reserve might not have to resort to a cut in its target federal funds rate to address the financial market turmoil and credit crunch. I've been saying that if the Fed was going to cut rates, it would have done it already. there's a good reason the Fed doesn't cut rates -- fear of triggering a collapse in the US dollar. Check out this chart of the once-mighty greenback ...
Meanwhile, OPEC ain't gonna raise production. So stop asking. Maybe it's time to ditch that gi-normous SUV, eh? As the story says: Auto sales skidding for county's dealers. "Partly because of high fuel prices, gas-guzzling trucks, Hummers and SUVs have been hit particularly hard."
Finally, presidential candidate Bill Richardson says it's time to get out of Iraq, and don't let the door hit us on the way out. Funny, when we first went into Iraq, I made passionate arguments at work about how it was a stupid idea that distracted us from the real fight against al Qaida, and I got called a "Communist" for it. The guy who called me that seems to be eating a big plate of STFU now.
I read theStreet.com and RealMoney.com a lot (my friend and top-notch analyst Kevin Baker writes for that outfit). Here, Doug Kass gives his take on 9 Reasons the Fed Can't Save Stocks
And maybe it's a good thing we aren't relying on the Fed to save stocks, because Philadelphia Federal Reserve Bank president Charles Plosser on Saturday said that The Federal Reserve might not have to resort to a cut in its target federal funds rate to address the financial market turmoil and credit crunch. I've been saying that if the Fed was going to cut rates, it would have done it already. there's a good reason the Fed doesn't cut rates -- fear of triggering a collapse in the US dollar. Check out this chart of the once-mighty greenback ...
Meanwhile, OPEC ain't gonna raise production. So stop asking. Maybe it's time to ditch that gi-normous SUV, eh? As the story says: Auto sales skidding for county's dealers. "Partly because of high fuel prices, gas-guzzling trucks, Hummers and SUVs have been hit particularly hard."Finally, presidential candidate Bill Richardson says it's time to get out of Iraq, and don't let the door hit us on the way out. Funny, when we first went into Iraq, I made passionate arguments at work about how it was a stupid idea that distracted us from the real fight against al Qaida, and I got called a "Communist" for it. The guy who called me that seems to be eating a big plate of STFU now.
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 8:27 AM
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