Comments on: Media Appearance: Bloomberg TV (07/13/07)

By: peachin

peachin — Sat, 14 Jul 2007 02:11:45 +0000

I guess we’ll be looking back at this time and of course, say “of course” what were we thinking – we live on food, energy and water(and housing and debt)and whatever we think about food and energy – water – just examine what is happening to the supply from the Colorado River….back to “Of Course” we can’t blame this on Greenspan – so Why was the FRB playing along with Wall Street. So, why is this market sky rocketing – enormous shorts? – what happens when (and forget the demand by the shorts)
when the real holders begin to sell out – and then tell the shorts “I want my stock back!” Of Course – we have a “bright” President and a smart active honest congress…..take me home!

By: Fred

Fred — Fri, 13 Jul 2007 18:41:27 +0000

The bubble is in bubble talk.

’nuff already.

By: Winston Munn

Winston Munn — Fri, 13 Jul 2007 17:43:07 +0000

Richard Daughty (The Mogambo Guru) had this explantion for the market’s seemingly irrational behavior.

Quote: “Gary Dorsch of Global Money Trends writes, ‘At the moment, Paulson’s grand strategy is to offset losses in the US housing sector with big gains in the stock market, to prevent the US economy from sliding into recession”, while the Federal Reserve provides the financing, in that “The Bernanke Fed is preventing borrowing rates from rising at a time of explosive loan demand for US corporate mergers and takeovers, by rapidly increasing the US money supply.”

This economy is simply bubblicious!

By: SPECTRE of Deflation

SPECTRE of Deflation — Fri, 13 Jul 2007 17:07:54 +0000

Barry, will the FED nonsense concerning “core” inflation ever be discussed and repudiated? This reminds me of the same sort of stonewalling we have had on subprime and the CDO debacle. In this case the FED replaces the Ratings Agencies as the ostrich with it’s collective head in the sand.

I’m to the point where I have to tape my head with duct tape to keep it from exploding every time a FED Official opens his or her mouth. The emperor hath no cloths!

By: econ101

econ101 — Fri, 13 Jul 2007 16:49:16 +0000

yeah, but does retail really matter anymore. the report is tepid at best and the market goes up monster. something else is going on that moves the markets and its not retail, housing, sub prime or debt downgrades.

these things just dont matter.

http://www.youtube.com/watch?v=tbZFU7X3Qjo

By: jim r

jim r — Fri, 13 Jul 2007 16:39:29 +0000

barry

could you pls comment on the difference in the consumer sentiment from u of michigan an the rbc. see below.
http://www.rbc.com/newsroom/20070713cash-july.html

~~~

BR: What? You people are now giving me homework?

By: zell

zell — Fri, 13 Jul 2007 16:05:43 +0000

Hang in there Barry. This is blind buying. Heads I win tails you lose stuff. The $ is down; oil and food are up. The core CPI tells you where to be by what is excluded: food and energy.