ECB will not cut interest rates tomorrow
100% sure
Insider
Thanks for the inside info!
money back guarantee?
Posted 06 February 2008 - 02:33 PM
ECB will not cut interest rates tomorrow
100% sure
Insider
Posted 06 February 2008 - 02:34 PM
Edited by nimblebear, 06 February 2008 - 02:43 PM.
Posted 06 February 2008 - 02:37 PM
Posted 06 February 2008 - 03:46 PM
As much as I hate to say it, Cramer was right when he was screaming at the FED on TIV to cut rates because the banks were in trouble.
He may be a nutjob, but he has been proven right. In January, non-borrowed assets for banks went NEGATIVO . - $8 BILLION. Sounds small but when you factor in that we have a fractional reserve banking system, that lends out billions upon billions more than their assets, when a number like this goes negative the FED is freaking out, watching the numbers and will cut again at a moments notice.
and the FED is really between a rock and a wall. He lowers rates the dollar tanks some more and then the equity markets plunge big time.
So what's in your wallet ? Hopefully its money that you took out of the bank. As this gets more main stream coverage, and it may be a big if, you might see a bunch of runs like we saw for Northern Rock in the UK.
Let's say we go minus 40 billion in Feb. on non-borrowed bank assets. Then I think all heck breaks loose.
I say in the end, the FED protects the banking system before it protects the markets. Politicians will be screaming, but hey, which would you rather have fail ? Some big a$$ investors in the market lose a few bucks or the banking system, where we have chaos and panic and people wanting their mula fast ?
Lets hope this choice doesn't have to be made, but it concerns me when folks look at the latest ISM number at 41 (below 50 is negative) yawn and say the PROBABILITY of a recession, is maybe greater than 50/50.
Maybe ? What cave did these guys crawl out from ?
Posted 06 February 2008 - 03:55 PM
ECB will not cut interest rates tomorrow
100% sure
Insider
Thanks for the inside info!
money back guarantee?
Posted 06 February 2008 - 04:12 PM
ECB will not cut interest rates tomorrow
100% sure
Insider
Thanks for the inside info!
money back guarantee?
Highest inflation level in many countries since 2001
ECB can't cut
Posted 06 February 2008 - 05:02 PM
Posted 06 February 2008 - 06:24 PM
Posted 06 February 2008 - 07:33 PM
ECB is an exception i would say because they are so political.
Posted 06 February 2008 - 07:44 PM