Brace for impact. Either they lower rates immediately and kill the dollar or we have an epic crash. Energy prices are the alpha input to all economic activity. Or, as Mr. Soros and his theory of reflexivity might muse, the crash, when it begins, will strengthen the dollar which will open the door to lowering rates again. But not without speculators taking a bath first. He did make a fortune betting against profligate governments....
We bottom when around 90% of guests on CNBC and Bloomberg are predicting a recession and a deeper bear market. We are currently at around 95%.
Funny, i was thinking this morning, that i think AAPL goes to $95 before it starts basing for real. I wrote calls on it yesterday, took in $9.25 in premium for the Oct 140's
IIRC, Greenspan didnt give a rats ass about what the market did. He was going to do, and did, whatever it took to kill inflation and he was successful. I was buying CD's at the time with my kids college money, getting 14% and losing 5% of my purchasing power
Not sure i understand the rational behind your comment, but i can honestly say there is a good chance its the latter. I know less than SoyUnPeredador LOL
You're thinking of Voelker in the early 80s. Greenspan did care about the markets and intervened several times...not nearly as extreme as Bernanke and Yellen later, but he did use rate cuts to try to prevent crashes.