Wednesday, May 10, 2006

GOLD STANDARD, FED IN A BOX

1 M Chinese enter workforce every week (I think right? every day DOH!!?)
avg pay $190 aint gonna make them CONSUMERS instead of savers....as one astute Gov official said...." they need to be more like us!!! and us them!"
Chines official quoted as saying Gov needs to diversify TRILLION $$ reservese doubling maybe QUADUPLING GOLD reserves (reason for recent runup and iran)
State coffers in BLACK, new home buyers TRAPPED with rising costs for everything (cutting consumption or escallating debt or both) as the hidden tax PROPERTY TAX has sky rocketed with HIGHER asessments from housing BUBBLE, you wont see this OVER TAXXING refunded, GOV is OUT OF CONTROL with the taxes

Tarrif could be lifted on Ethanol, IMHO these stocks are VERY vulnerable if so (after speculative fever)

STocks should be near geared up as additive mandated for Summer driving season. Will the increased use of EThanol lead to INFLATION in the raw materials like CORN?

$700 gold? is this the "DATA" Fed is said to be looking at when meeting for rates? HOW does this go unnoticed? wouldnt INFLATION heat up and interest rates RISE sharply is the $$$ is NOT defended.

I think FED is in NO MAN'S LAND, a VICTIM......JAILED by their own hands/policies...NO WAY OUT.

A SEVERE correction at very least is LURKING.....none of us, anyone will see it coming as they stare at CRamer show.......

Up on deck? ATM snafu.......BUSH?repubs want EXTENSION of TAX cuts for RICH....and the AVG JOE gets killed by high energy, levitated Property taxes, and too high mortgages....the ATM tax etc.....etc....the DIV tax cut is for bleep.

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