Re: Bush Appeases Israel - Then loses oil negotiation with Saudis

"BikeFan" <mistontheloch!@[EMAIL PROTECTED]
> wrote in message 
news:g0kkdm$gpf$1@[EMAIL PROTECTED]
> basho007 wrote:
>> BikeFan <mistontheloch!@[EMAIL PROTECTED]
> wrote in news:g0kh8c$v56$1
>> @[EMAIL PROTECTED]
>>
>>> Bush went cap in hand to his masters in Israel and then tried
>>> to strongarm the Saudis to pump more oil. Oddly, they refused.
>>> http://www.cnn.com/2008/POLITICS/05/16/bush.saudi.arabia/index.html
>>> I guess he's more scared of what the Federal Reserve can do to the US
>>> than Saudi.
>>>
>>
>>
>>
>> I saw two Charts from a Federal Reserve site today that seem to
indicate 
>> why the current economic situation cannot be compared to prior crises.
>>
>>
>>
>> The first
>>
>>
>> http://research.stlouisfed.org/fred2/series/BOGNONBR
>>
>>
>> The second http://research.stlouisfed.org/fred2/series/BORROW
>>
>>
>>
>> interpretations from usenet experts are invited.
>
> It would appear that institutions have lost a lot of their
> reserves and are borrowing considerably more from the Fed.
> Hence, people, public and private US companies have lost
> a lot of their savings or assets as well and can no longer
> save much. Seems pretty dire.
>


It's a good thing you don't live here else you would have to throw
yourself 
off a tall building in mid-town Manhattan, and we'd all be burdened with
the 
endless hours of news re****ting of the damage you did to a taxi cab.