What - you want to bail out reckless speculators and their idiotic management of their finances? Maybe you are talking your position.
No, but the central bank should be there for the markets and the economy. A central bank must help to stabilize the banking infrastructure when banks need it most.
You guys are funny. I just think commentary from a Bond Bear who wants rates at 9% should be put in its proper context.
Com'n. For those of you who think you trade for a living, look at the data. The feds raise, the market goes up. Fed cuts, market ends up down. Take your head out of your asses. If the fed were to raise, the market may sell off in a knee jerk reaction. However, the dow would scream to 14000 plus, ITS THE ECONOMY STUPID. SUB-PRIME DAMAGE is done. The only thing we are waiting for are the results. Consumer is not holding back. The idiots continue to get more debt.... RAISE THE FUCKING RATES!!!!!!
Not when the banks are just as reckless as the people who piled into their ARMs. There needs to be some good 'ole fashioned ass whooping on some of the banks to cleanse the system of excesses.