3 replies to this topic

[Islander]

Does not get any better. Buy gold and leave the rest of it alone. Islander

[humble1]

HAHAHA !!! well said. a perfect backdrop for a final rally churn before the next big leg down. none of those things proposed will make any difference to the housing collapse or the other collapses. someone who is three months late on their house payment is already dead meat. keeping them in the home a few months longer will not help them or the lender. but: all of this WILL take pressure off of the fed and the administration, at least for a while. it will shut up the screeching kudlows and cramers and even the alan sinai and pimco types. i do expect a rate cut, probably three. but what the heck will a total 3/4 point drop in the fed funds rate do for credit card rates and other consumer rates ? almost nothing !

Edited by humble1, 31 August 2007 - 09:24 AM.

[SandStorm]

Cuts will be forthcoming as Ben starts the new stimulus cycle. But it will lag as usual as the economy lanquishes. There will be no new highs to stocks until next year. Heck, I will not be surprised if we end the year negative.

[dasein]

from minyanville:

http://biz.yahoo.com...gs_id.html?.v=1