We need an emergency rate HIKE

Discussion in 'Trading' started by PohPoh, Jun 27, 2008.

  1. For the first time, maybe ever..I'm not old enough to know..


    The recession is here.
    Stocks suck
    Bonds are going to tank no matter what
    Dollar in the shitter


    We need short rates to double overnight. And then double again by the end of 2009. That's right. 8% by 2009.

    The result?
    1) A severe recession - much required. Not that I want to live through a recession, but it's needed to clean the excesses from the system.
    2) Many over levered banks go tits up
    3) Interest rates start to encourage savers
    4) Dollar firms
    5) Commodity prices correct

    DO NOT let the Fucking Eurotrash make the first move.

    Is any of this going to happen?
    Of course not..