Interest rates again. Jan17 2010

ST louis fed 1

This never ceases to fascinate me. We all know that the governments around the world manage, manipulate, interfere etc etc depending where you come from, in one way or another. This may or may not be happening in the stock market but it is definitely and overtly happening with interest rates. In fact this is the main instrument given to the Fed in 1913 at its creation to avoid the panic of 1907 and other real and potential financial debacles. The Fed was created basically as a government form of JP Morgan and a few other players that were then the cartel. Today the Fed looks to be more neutral and influential and with the likes of Greenspan the view has taken hold that the Fed. can actually control interest rates. I do not think so, so get ready for 7% rates on the 10-year.