You know Ben is going to cut 50 bp

Discussion in 'Trading' started by detective, Dec 4, 2007.

  1. You are correct, but it is interesting that when it comes down to it that the US is still the economy to watch. Japan isn't going to do too well being an export heavy economy ( all those electronics, etc) with the yen at par. Who knew that a bunch of losers not paying their mortgages could cause a central bank rate cut, somewhat comical and sad.

    http://www.marketwatch.com/News/Sto...x?guid={BC6C5A56-E8AC-400F-83C5-3DB1F574331E}
     
    #11     Dec 4, 2007
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    No big deal right?
     
    #12     Dec 4, 2007
  3. #13     Dec 4, 2007
  4. Didn't some great economist say "Deficits don't matter"?

    Forgot his name...
     
    #14     Dec 4, 2007
  5. Yo Dividend, I tried to PM you, but says you can't accept messages.

     
    #15     Dec 4, 2007
  6. They're going go 50, but it wont matter. This whole system needs to be audited and accounted for. Thats the only way.
     
    #16     Dec 4, 2007
  7. nealvan

    nealvan

    I know you don't need to work. I'm speaking for the face of society.
    You should always look for the good before you reiterate what's bad. I'm sure if you go to sites like 321.gold they will be pumping one message gloom for dollar good for gold. Media makes things worse than they sound to get a viewing audience. The over all picture is different and sure there is a transfer of wealth for people that make bad decisions that's why we have a working class and a thinking class. Not everyone is meant to think but eveyone thinks they have the capacity. I'm saying the workers should get back to work. If we cut rates and make things tough people will have to work more competitively. The deficite would go down by the increase of exports.
     
    #17     Dec 4, 2007
  8. That's a good question.

    I see the potential for a larger cut also, maybe 75-100bps.

    Why would they only cut 25bps?
     
    #18     Dec 4, 2007
  9. piezoe

    piezoe

    30K per person in the US.. There are some 5 year olds that don't have 30K to pay their share.
     
    #19     Dec 4, 2007
  10. If he said 'Economists don't matter' he might have won the Nobel Prize!

    When I worked at Nomura there was this PhD in Economics who's forecasts were wrong (significantly miscalculated) for two years straight!

    He now teaches at some University in the USA I heard.
     
    #20     Dec 4, 2007