OH, by the way the Fed dropped rates 1/2% - Page 2 - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

BlueHair · 09-19-2007, 04:13 AM

I sold all of my bonds a couple of days ago. I kept my stocks, but plan on out cashing out until I see how all this plays out. I wish I had bought yen about a month ago when I planned on doing it. My bet is bonds and the dollar are going to take a beating in the short term. I'm not an economist by any stretch of the imagination, so could someone please explain to me why the Fed finds it necessary to bail out Wall Street?

I am very concerned about inflation. The government won't be able to cook the numbers much longer if investors keep fleeing the dollar. On the bright side, maybe we'll get some of our manufacturing back from China.

09-19-2007, 04:13 AM	#11
BlueHair Senior Member Join Date: Nov 2006 Location: Utah Posts: 1,148	I sold all of my bonds a couple of days ago. I kept my stocks, but plan on out cashing out until I see how all this plays out. I wish I had bought yen about a month ago when I planned on doing it. My bet is bonds and the dollar are going to take a beating in the short term. I'm not an economist by any stretch of the imagination, so could someone please explain to me why the Fed finds it necessary to bail out Wall Street? I am very concerned about inflation. The government won't be able to cook the numbers much longer if investors keep fleeing the dollar. On the bright side, maybe we'll get some of our manufacturing back from China.