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MightyMo
P&P Score: 99.79   Points: 324.62   Accuracy: 62.30%   Average Pick Score: 1.20   Annual Return: 13.01% (53.50% since 1/3/08)  

MightyMo's Blog : What an Idiot! What's he smoking!

Date September 30, 2009  Edited: September 30, 2009    Comments Comments (5)    Rate this post Recommend This Post (82)   
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With a very fragile economy and extremely high unemployment and a fractured housing market, the idiot comes out today with a statement

"Kohn: Fed to raise rates before spending overheats"

It was the wrong thing to say at this time.

We're talking about Federal Reserve Vice Chairman Donald Kohn. Where did they get this idiot.!

Even if true, the timing of this at this time was very dumb, actually very wrong. I'm extremely sorry for the people who are struggling to make house payments and those who lost their jobs and can't find work. This takes the cake. This fool is an extremely baffoon who doesn't understand public relations and unaware of the real world.


5 Comment(s):

Author TickerBandit     Date September 30, 2009 16:11 Abuse this post Report Abuse
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I am curious. Who's spending is overheating?

Mo, he didn't accidentally say that. He "planned" to say it and "they approved it" before he said it. I'll leave you to ponder the game with this last thing to further ponder.

By now it ought to be sinking in. Nothing, not one thing was done for the sake of the unemployed nor for struggling home owners. It was all done for the bankers, no one else but the bankers :-).
Author Nomadamon     Date September 30, 2009 16:58 Abuse this post Report Abuse
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Dumb like a fox is more like it. He did not actually say that rates would be raising any time soon - just before spending "overheats". I agree with TB that there was a plan in place before he spoke and that the plan most likely is to "stimulate" spending. It's just like those sale ads that say "hurry - these prices won't last"!
Author TickerBandit     Date September 30, 2009 20:06 Abuse this post Report Abuse
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Something else to think about. The market is fixed on deflation and buying treasuries hand over fist. I think this was meant to deter that activity.
Author JoeJustJoe     Date September 30, 2009 20:17 Abuse this post Report Abuse
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Mighty Mouth, you sound like a drug addict that was just told the free injections are gonna get taken away from you :-) What, did you expect the govmint to come up with an unlimited sooply o'cash just so a bunch of "future companies in bankruptcy" can continue to rally way past the $5 dallah level? You need to get off the methamphetamine and do like the corporate insiders of the companies you continue to try and pump...SELL! SELL! SELL! to the next idiot that wants in at ANY price. :-) "Hopefully" things are beginning to get a tad clearer for you as to why I must completely deeestroy fokes with your mentality. You don't even realize what is or isn't GOOG for ya. Sure, the govmint could continue to partner with the crooks on Wall St and throw as much $$$ at the problem as necessary to keep the sheeple who think like you happy. In the meantime....your local Congressman is getting death threats from the real people of America. Thurs more to life than watching that POS that is AAPL garner the last 10% of its move before total ghanilation. What GOOG is an estree $100 bux on your 100 share purchase ifn the cost of gas at the pump (for one thing) costs you an estree $20 a week? :o Take a few daze off and think about how destructive sheeple like you are to not only yerself....but everyone else. Ifn ya can't see the light...tain't no big deal. I'm still gonna kick yerass anyhoo. "Perhaps" then you will come back from your silence and acknowledge what I done did fer ya and you will thank me latta ooooon. :-) 3J
Author Burtman     Date October 1, 2009 06:58 Abuse this post Report Abuse
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Keep the free money flowin!
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