So rate cut is guaranteed

are the markets up on anticpation of a 50BP rate cut?

If so this market is going to run into more problems, a 50bp cut would do worse for the economy than better, this is not the way they should go about doing this. Seems they are saving wallstreet and nobody else.

 

We need to raise rates...get a big purge everywhere and then coast into 2008 with a fresh start after the chaos is over

 

That's a horrible idea.

 

the only thine guaranteed is devaluation...