Fed attempt to rig house prices fails to save market, Latvians try blondes to stimulate economy

Stacy Summary: Okay, so the blonde Latvian story may be a bit frivolous on the surface. Is it, however, any more ridiculous (or dangerous) than Bernanke’s attempts to revive the economy through rigging house prices?

Blondes to battle Latvia’s blues

IMF claims Latvia will recover in 2010, if they follow IMF plan

Stacy summary: Note that the IMF loan to Latvia is for 7.5 billion euro to a population of only 2.3 million; that is €3260 (USD$4566) for every man, woman and child . Also note that GDP per capita is US$11,985 in 2007. This sounds like the conditions that led Germany down their own celebrating blondes path.

Bernanke bid to fix house prices scuttled by rising rates, defaults

Bond markets defy Fed, blitz of quantitative easing may now begin . . . whatever the consequences to dollar (Hold onto your gold! It’s going to be a bumpy ride!!!)

“We could be nearing the end-game for the US dollar but the Fed has little choice at this point. We’re in a vicious circle where any policy aimed at supporting the US economy must be at the expense of the dollar.”

latvian-blonde

21 Responses to Fed attempt to rig house prices fails to save market, Latvians try blondes to stimulate economy

Petronious Duckett | May 29, 2009 at 1:47 am |

I don’t think the blonde story is frivolous as it fits in with the national socialist trend – soft-focus fluff stories regarding aryans – which will be popular with mono-braincell culture in europe/usa.

I fear we will see a lot more of these type of myth-making fables in the near-medium future. Wait for the DNA/blue eye articles, they will be fun

All the other stuff fits in with the pattern as predicted by our intrepid financial c.s.i. reporters over the last 4 years, so no surprises.
marcus | May 29, 2009 at 1:51 am |

bizzare story from latvia above an orchestra just for blonde haired people,all just to make us feel better ? what’s next ? [isn't that what hitler wanted ?, to populate the world with blonde haired people ,just so the world would be more Beautiful ? ] i don’t know what makes other people feel better , but the link attached makes me feel better . http://www.youtube.com/watch?v=QfDz7xnTUrI
stacyherbert | May 29, 2009 at 1:53 am |

@ marcus – Money printing & blondes . . . the two dangerous tools that come out in global depression. I don’t know which is more dangerous . . . Quantitative Easing or Nationalism?
marcus | May 29, 2009 at 2:24 am |

stacy ,…….don’t forget to keep max locked in his room ,don’t let him out until a masterpiece has been finished !
richard | May 29, 2009 at 2:31 am |

@Stacy: Hands down, it’s 21st Century neo-feudalism!!!! rather than nationalism…glad to read your cheery comments in the predawn USA EST….what a role of the dice this has become…”hold on to your gold”—and your sanity no doubt!!! be well and stay well, Richard@lattitude30N
Mother Earth | May 29, 2009 at 2:35 am |

Latvia Rocks! Some say Latvian woman became so beautifull because of the northern crusades. The chivalry of the middle ages had pillaging the northern regions as its hobby for some time..

This Keynsianism (thinking money will make a difference) is such a hollowed out approach. Education imho is the real driver of wealth..

@stacey Can we start a bet on when gold will go through 1000 USD? I bet it will be on June 6th. You can make a category to keep the entries
stacyherbert | May 29, 2009 at 2:36 am |

@Mother Earth – Sure, let the betting begin! I bet it hits $1000 today. Between the bond market freaking out . . . and now the Chinese fishermen running for the hills . . . the sh*% is going down and that means gold is going up!
Phil | May 29, 2009 at 2:43 am |

@Mother Earth

Gold touched over 974$ this morning !

http://www.finanslinker.net/dukascopy/gold.html

Looks like it “should” hit 1000$ today…
… OTOH, it “is” Fridays when the PPT starts to short Gold.
Watch Gold at the the NY open at 14:30 GMT .. it’ll be interesting indeed !

PS:
You say June 6th ? .. Closing price I presume.
I say +1000$ intraday ( for 2 seconds ) and 990$ at the close !
Phil | May 29, 2009 at 2:48 am |

@correction…

I say +1000$ intraday TODAY ( for 2 seconds ) and 990$ at the close !
Kjr | May 29, 2009 at 2:52 am |

“..Federal Reserve Chairman Ben S. Bernanke’s efforts to bring down borrowing costs to revive the housing market and help the economy are stalling. ”

Don’t they have debt already and country full of empty houses? How can this market create recovery?
Mother Earth | May 29, 2009 at 2:55 am |

@Stacey Great! Perhaps it is a bit late for the bet, so lets make it hour specific. I say today between 11:00 am and 12:00 am NYT..

Chinese fishermen running for the hills?
stacyherbert | May 29, 2009 at 3:33 am |

@Mother Earth – it’s not too late for the bet as it is still a pretty big move away from $1000. It might not hit that today. I have my bets on for today though.
sharon | May 29, 2009 at 3:39 am |

Given that gold is going up and houses are going down does anybody think it overly risky to sell a house and put the proceeds into gold?
sharon | May 29, 2009 at 3:40 am |

By the way, my bet on gold going to $1000 would be 3:00pm today.
Kjr | May 29, 2009 at 4:18 am |

Gold standard or housing market reform?:

http://www.youtube.com/watch?v=xg-4Ut9CugM
bill | May 29, 2009 at 4:21 am |

Stacy…….The IMF is an extension of the people controlling the demolition of the dollar for global economic collapse and the new establishment of a new world currency.
The IMF is aggessively providing loans of large amounts for the future forced participation of world currency after they pull the plug on the dollar causing guaranteed defaults on these loans.
The agenda is singularly focused and that is to force the world to except the same ecomic powers that have caused this collapse to become exponentially more powerful by controlling the inevitable new world currency..
THIS IS ALL ABOUT CONTROLLING CURRENCY…..IT IS NOT ABOUT THE MONEY !!!!! IT IS ALL ABOUT THE EMPOWERMENT PROVIDED BY CONTROLLING THE MONEY !!!!
Mep | May 29, 2009 at 4:50 am |

The blonde thing is creepy! I followed some of the other links about the blonde weekend, and other sources are saying that the golf tournament is for blondes only:

http://www.news.com.au/heraldsun/story/0,21985,25554847-5005961,00.html?from=public_rss

How does it make anyone less depressed to have a blonde glee club try to cheer the country and exclude the rest of the country at the same time?
frances snoot | May 29, 2009 at 5:00 am |

@stacy:

Blondes are definately more dangerous. And they vote.
Norbo | May 29, 2009 at 12:17 pm |

I would feel great if 500 blondes where parading here. I would forget everything about economic collapses, the end of the world etc.
bzmoore | May 29, 2009 at 3:47 pm |

Especially for Joe;
Europeans, blond or not, have more fun…..
.
Americans work themselves to death for no good reason, i.e. a bunch of useless toxic Chinese stuff.

Check out this nice video especially the second half, slackers of the world rise up and take a break.

http://www.workersoftheworldrelax.org/combined7.swf
Kurt | June 8, 2009 at 2:00 pm |

To see all the Latvian blondes visit: http://goblondes.blogspot.com/