The Fed should say nothing.I was on Capital Connection last night on CNBC Europe and was asked about the Fed. My hope is that the Fed says nothing about the liquidity/subprime story.
While this is very unlikely I think the more they say the more worried they are. The more worry they convey the worse the stock market will take it.
My view anyway; I'd love to be wrong.
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My wish would be for the Fed as a whole to recommend a mandatory personal finance class be taught
to all students prior to graduation from high school. Passing a test on the material presented would be required as an element towards earning a high school diploma.
Since many educators assigned to teach this class would also fail a basic personal finance test, they would have to pass a knowledge requirement in advance on this topic as well.
We have to start somewhere. Many are tired of using a financial subsidy (extortion for votes) for a continous stream of "victims". A thorough class focused upon basic financial skills may help.
the number of people that do not understand basic personal finance is astounding.
We all know neighbors or have family who are illiterate in personal finance matters.
rather gamble in vegas than toss around money in the market that is fixed by higher powers.
"No Child Left Behind"
How about teaching kids basic money management skills?
The elite want people dumbed down so that they can continue to rule without much resistance.
Why teach people how to manage money when that would only create competition for the well to do.
I am following adv/dec as well as new hi's and low's.
Maybe I am just stupid, but what is BB at
http://finance.yahoo.com/advances
I get NYSE AMEX NASDAQ but do not get BB what does it stand for?
i would think bulletin board
thanks
I am stupid I guess.
But, I do not pay attention to smaller riskier issues like that
I think the Fed knows what they are doing.
Economy ok Mortgage lenders not so good.
They know these liar loans have got to end.
They understand what is going on in the market and can always do something later if it is needed
If all students learned the basics of economics and encouraged to form a will to succeed, we would have a very different set of characters being voted into public office.
"The elite want people dumbed down so that they can continue to rule without much resistance."
Didja learn that in school? This is more of the conspiracy/magical thinking that is the mark of the dumbed down.
ignorance is not bliss in this case.
"No Child Left Behind", should read "No Iraqi Child Left Behind" as we are spending more on educating people who some day will want to kill us.
If you don't think there are secret money master cliques you are fooling your self.
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