I tune in occasionally to watch the stock market shows on FOX over the weekend for entertainment (yea, I know) and no matter what's going on---the free market rules!
NEW YORK — The New York Federal Reserve announced Monday it was implementing several measures to increase liquidity in the parched credit markets ahead of the year's end.
A bunch of rich suits tell us that even though the value of the US dollar is lower than the Canada currency for the first time since I can remember getting a quarter for an allowance---hey---it's still a positive and they giggle when they see all these people file for bankruptcy because a big investor can buy up all these cheap homes and turn a huge profit. What a bargain.
They spin about our economy as much as possible as long as the corporate wingnut welfare is delivered and then during the last segment of the show...each talking head picks a stock for you to invest in. (There's a quick scroll message that you can barely see which says that the network is not responsible for their opinions.) Usually half of them hate the picks anyway and then they make sure to tell you that no matter where the stock market is, if a Democratic candidate wins the presidency---it'll be much worse. Oh, by the way...The Dow was down 232 today.
Kudlow just said that he was tired of "this cloud of pessimism all day long." So, sorry Larry.