Posted by: Samsara May 29, 2008
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Twelvemonkey, you watched CNBC today and saw how 10Y Treasuries are barging through the roof? This is not good as it indicates inflationary pressure coming through now. Why? Better than expected GDP #s, High oil and commodity prices, economic data relesases all suck BIG time AND MISHKIN Resigns! For you to say that this guy's career wsa not illustrious is a damn joke! Wall Street cheered for this guy as he was the main proponent of ALL the recent rate cuts and he even demanded for more when the other Govs just wanted the market to correct itself slowly...What dumbfugcks! Hell, on the Street, Mishkin's resignation has not gone too well as he was their adversary and champion! Now tell me that this guy sucked at the Fed, would ya, ya lil jester?