Wednesday, December 17, 2008
Day 20 & 21 - Free Money! Yeah?
The Federal Reserve has reduced the interest rate down to zero, but the bill collectors still keep coming. Home foreclosures are expected to hit 2 million people, jobs continue to be shed at a rapid rate, and the world is looking to the United States as if we have are the only ones with a problem. If we thought the asian flu was contagious then the U.S. flu will be twice as bad. The Federal Reserve has made a grave mistake, in the process my holdings in the game have moved like lightning, my euro holdings have made over $60,000 in 11 days, unfortunately all indicators are screaming overbought. My gold stocks have jetted up in value as well, too bad I have't been able to get everything moving at the same time in the same account, so now I have two accounts up 30%, but my conservative nature is killing me in the process.
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