Wednesday, April 22, 2009

Morbius Glass quote of the month - May 2009

This quote is dedicated to the US Federal Reserve, particularly the Fed chairman Ben Bernanke.

Their equation is to buy US Treasuries to narrow interest rate spreads. This has added to extra liquidity to the financial system, hence the previous weeks of stock rallies (watch for the sell though), housing refinancing (US) and so on; but the spectra of drug addicted zombie banks (looking for more money) looms and the US unemployment rate will continue to climb. The Federal Reserve is in a hopeless race against the US economy, the more money it pumps the greater risk to severe inflation. Especially when, as mentioned, the banks will need more funds and the US economy could still be in decline into 2009.

So the Morbius Glass quote of the month - May 2009 is from the Wesley Snipes "Blade" (1998) (remember that movie?), quote is towards the end of the movie where he eventually defeats the main villain

"Some motherfuckers are always trying to ice skate uphill"

for previous quotes, please go here

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