First saw that last week and waited til today to look at it again. I pulled it at Yahoo Finance and saw it again on the economic calenders of my online brokers. I don't understand whats so surprising about it. Lets pull up some pretty charts of the past. From CARPE DIEM Even at the height of the S&L debacle, no recession. That blog has few other tidbits going on today that isn't of the "gloom and doom, end of the world" crap thats appearing all over the place.
They will cut 25bps. Downside risk is too big to not cut. Fed is playing the "transparency" game, by indicating that they are aware of inflatinonary pressure and the state of the dollar. This talk is just token to appease Ron Paul.
You're thinking in US Dollars. Get with the times. India and China will soon be drivers of the world's economy. America could cease all oil consumption today, and demand from the rest of the world would pick up the slack within a decade.
Let's just cut it to 0, in the matter of face, can you cut it into a negative number? I mean, over night rate means nothing when we have no idea what M3 is.
They'll cut it, and spell their own doom - if the market hasn't done shit, and has even gone backwards, after billions of $$ injections and multiple rate cuts already, what's one more going to do?
That was beautiful this morning. Santelli owned Leisman on that debate. He is the only person I listen to on CNBC. More rate cuts aren't going to do shit. This market needs to work out if problems, it's called recession.
Haha bitches, all 34 of you assholes have been exposed wrong. I dare you to come out of anonymity and expose your vote that the fed WONT cut rates. Come on now so we can publically ridicule you. The fact of the matter is the Fed is cutting and cutting huge.