Friday, April 28, 2006

Slowly getting back in the swing

posted by The Vidiot @ 10:42 AM Permalink

Got the staples out yesterday and as a reward, went for a 3 block walk!

Well, you know, it's the little things in life.

So, just surfing around a bit, becuase, well, that's about the most I can do with any energy, I saw this little article on how the Fed doesn't seem to be instilling an confidence in our dollar because they've stopped publishing the M3 numbers.
Excerpt: A European think-tank has likened the cessation of M3 publication to Richard Nixon's unilateral decision to suspend the convertibility of the dollar into gold in 1971.

"In 1971, the dollar became a currency solely based on the rest of the world's confidence. But this confidence mostly relied on the general feeling that US economy and its currency were managed transparently. With the end of M3 publication, this transparency disappears completely.

Yeah, like it's ONLY the M3 thing that's causing the dollar to plummet.

Listen, there's so much going on and I'm so behind, but what I've noticed through my pain/drug haze is the following:

China has raised it's benchmark rate which basically challenges the US to raise their rates to make the debt more attractive to investors. So then, Bernacke had to come out and say "hey, rates should stay stable for awhile" so that the markets didn't immediately tank. Meanwhile, Iran's oil bourse is about up and ready. Iraq war costs are skyrocketing, Exxon profits exceed the GDP of the UAE and just as an aside, why they hell isn't anyone screaming about Tony Snow getting Scotty's job? I mean, it's all so overt and and well, I can't find the words.... it hurts... must lie down... must take nap....



At 3:04 AM, Blogger Unknown said...

hey, one step at a time, biker girl. keep up the good work on your recovery!

At 9:06 PM, Blogger The Vidiot said...

"Slowly getting back in the swing" If only I had a nickel for every time I heard that!


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