Posted on 12/17/2009 2:33:57 PM PST by Rufus2007
It's often said markets function better when there is gridlock in Washington, D.C. because there's less of a chance for government will interfere in the private sector, creating a sense of security. But in this day and time, that theory applies to the U.S. dollar as well.
On CNBC's Dec. 17 "Squawk Box," CNBC Chicago Mercantile Exchange reporter Rick Santelli debated what was causing the recent rise in the U.S. dollar. Santelli, the original inspiration for the tea party movement, squared off with Jim Iuorio, CNBC "OptionsAction" regular and CME trader, about the cause - a weakened European economy or the place in the calendar year.
"So Rick, is the bigger deal right now on the dollar move - the risk-aversion trade because of the end of the year or because of the problems in Europe?" Iuorio said. "Or is it a combination of both? Which is the bigger thing, do you think?"
...more (w/video)...
(Excerpt) Read more at newsbusters.org ...
And they tried to dismiss us a mob.
The original Tea Party inspiration.
http://www.youtube.com/watch?v=bEZB4taSEoA
Love Santelli, but the need for a new tea party (event, not political party) was being mentioned here on FR loooong before his famous rant.
Is it my imagination or because we figured out Obama’s Alinsky radical rules, he now wants it stopped for everyone but his party?
http://www.cagop.org/index.cfm/press_release_910.htm
“The commission is currently proposing the unnecessary federalization - and restriction - of the vast majority of grassroots political speech Americans engage in through political parties,” said Chairman Nehring, who was also speaking on behalf of all state Republican Chairmen as Chairman of the RNC State Chairmen’s Committee. “Should the Commission adopt the proposed regulations, a large portion of our grassroots activity supporting state candidates, local candidates, and ballot measures would suddenly be federalized and restricted. “
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