There is nothing "calming" about this pause. Your purchasing power is going down the drain at a fast flow, And that is because your government has lied to you for years with a phony CPI index and artificially low Fed interest rates. They are lying to you. There is no reason for "calm". You should be reacting by telling all your friends to vote for Obama and asking for Bernanke to be replaced ASAP.
We need a Fed chairman with the moxie to say, "I do not care what the political "climate" is. Our job is to maintain integrity in the currency." That means Fed rates about 3 times where they are. Six percent instead of 2 percent. And it should have been done a year ago instead of going the wrong direction as they did.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Daniel David of NM @ Jun 25, 2008 17:42:01 PM
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