Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

Nov 04 is the begining of a turn around. It has to be said that there is no sign whatever of a turnaround in the economy now indeed it is beginning to look as if things are about to get worse yet again.

We are probably in uncharted waters and the marekt may even continue to go up incredible as it appears. But you are right you can't ifhg the fed except that the fed has got it consistently wrong since they started putting up interest rates just as business around the World was collapsing.

Some say well things couldn't have carried on as they were. Well maybe and maybe not but sending the economy back ten years or more is just about the greatest wrench in history.

And yet while all the signs were there for ttwo full eyars Mr G did things very very slowly and of course very cautiously very very very cautiously and watched as the US economy broke its back in slow motion.

Well of course we are where we are and thats what he would say and there is nothing he or anyone else could have done about it. But I don't accept that there is nothing that could be done. But so what I'm not the Fed Chairman and neither is anyone else except Mr G so what anyone else thinks is irrelevant. Thee economy is collapsing slowly day by day.

GReat job they did at the Fed.

Best,

L