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Thursday, 01/10/2008 1:12:11 PM

Thursday, January 10, 2008 1:12:11 PM

Post# of 708
Less Talk!

I like that commercial on television now, you know the RBS one they play on Bloomberg TV, where the group of directors from the corporation are out on their team building hike, and one of them steps into the quicksand.

As he sinks and sinks the "committee" starts into their standard protocol and discussions and motions and votes.

He takes his last gasp of air and goes under. And finally when at last only his fingers on his up-stretched hand are all that remains where he once stood, one in the group takes action and rescues him.

The FOMC is like this group in the commercial. But, we need action and Less Talk! Ben!

Question is: who is going go be the one who stands up and takes action as we are at our very last seconds of life?

Good question.

The speech is starting.

So far, all I can think is less talk.