Saturday, March 31, 2007

Ben, Check Mate??

just read bill gross about fed cutting rates to 4 in order to avoid housing prices dropping big time thus further whacks to consumer----however lopez has a view that the fed has played their game of lower lower lower and it did avoid the drop off , however lopez thinks it was only put off and allowed for build up of big big time debt which is now the ball and chain that will prevent lower rates from helping-----imagine a balloon with a hole in it and you are frantically blowing into it----as HST said, "The Buck Stops Here"------and yes, lopez agrees as marooons and pols finally have to deal with the truth---"Don't ask, don't tell," is about to come unglued----lopez at the fed

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