Comments on The Morning News

Re: CIA

Major plot twist: Turns out the CIA has been SD-6 all along!

Surprise!

Uh, you're like 18 hours late on the "stocks fall" headline... thanks to reassuring language from the Federal Reserve Chairman and others, stocks are back up - nearly recovering from yesterdays ~300 point drop. This is the "Morning News," after all - right?

Also, the Pope says gay marriage is a threat to... like... world peace:
http://pewforum.org/news/display.php?NewsID=14597

Thank God all I got was this silly Domestic Partnership!

Holy crap. Is that blog for real? It looks pretty convincing, but... the Iranian president has a blog? It makes my head explode.

Fuck 'SC!

The story about stocks dropping would be more interesting if you provided a reason why they did and why they are currently rebounding slightly today.

Re: Fed up

I really don’t understand the latest rate cut: Productivity is good, growth this year has been the best in four years, unemployment and lending interest rates are still near historic lows, and the stock market is still near its historic high.

On the flip side: The dollar has crashed, inflation is spiraling out of control along with the current account deficit, the personal savings rate has been negative for years, and wealth and income inequality have reached levels not seen since the 1920s. SO WE NEED ANOTHER RATE CUT??

It looks a lot like these rate cuts are not only motivated by politics, but also that the Fed Board is incompetent and has lost control of the situation. Not really a shock, but still--EEEK!