Friday, December 01, 2006

Economy hard to figure out at present

How much more fucking denial can I possibly take?
I'm beginning to feel major bias at Marketwatch.com regarding the housing market. Lately they have really been devoting less attention to housing news, particularly all the bad news.
This article is about remarks by one of Feds.
Kohn said a better measure of expectations in the housing market would help the central bank understand whether the recent gains in home prices were simply a speculative bubble or justified by economic fundamentals.
Are you fucking kidding me?

And there is also some chatter that a hard landing (which we are obviously heading into fast) based on manufacturing numbers this week among many other indicators) will lead the Fed to cut rates in the spring. Go ahead and cut rates bitch, I dare you. Watch what happens to your already falling dollar.