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TYX91101 (December 31, 1969 at 6:59 pm)
I suspect the Wall Street Journal is in serious financial distress as are most large newspapers in the internet age. It should descend to tabloid status once the Fox News gang takes control. Hopefully the best writers on the WSJ crew will find honest employment elsewhere.
TYX91101 (December 31, 1969 at 6:59 pm)
You may remember that the Fed Funds rate rose to a whopping 17% in 1980. The reasoning was that this would strangle inflation. What we got was the highest rate of inflation in decades, as indicated by the $800 gold price, housing prices, etc. You can safely predict their next move by watching t-bill interest rates. The market sets the price, and the FRB follows.
bbruhwiler8 (December 31, 1969 at 6:59 pm)
If you look at the long term charts, the spike in the Dow jones to 13000 is steep and tall. The Dow Jones should be between 3000 and 4000 and that is where it is headed. The Federal Reserve (a private bank working for its own proftis) will tighten the money supply, thus crashing the Dow Jones.
Alexanderum (December 31, 1969 at 6:59 pm)
How can the Bancroft Family allow the sale of the Dow Jones company to the modern equivilent of Julius Streicher? This bodes poorly for the United States of America as a whole and our financial markets in general |
