Yes the mounties and a brigade of Eskimo's from Nanatuk that are really pissed off about the whole global warming issue....
I think this cut will lead to an unexpected rate rise overnight down the road. Big mistake today by the FED.
euro is rising, dollar is being printed and blablabla ... but stock_trader is right and here on ET most of us have been wrong.
Conservation of Wealth. Memorize this equation, it will help on many future exams. <img src="http://elitetrader.com/vb/attachment.php?s=&postid=1610159" border="0" alt=""><br /></font></p></font></p> Although, a little bit of buyers remorse after the following utterance, "Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward.... although recent data suggest..., the Federal Open Market Committee judges that the downside risks to growth have increased appreciably" sinks in, is not out of the question. http://www.federalreserve.gov/newsevents/press/monetary/20070817b.htm