woke up this morning and was surprised..what no rate cut yet?
Edited by n83, 20 October 2007 - 08:17 AM.
Fed should have cut yesterday
Started by
n83
, Oct 20 2007 08:17 AM
3 replies to this topic
#1
n83
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Posted 20 October 2007 - 08:17 AM
we still have the weekend to do more rate cuts
woke up this morning and was surprised..what no rate cut yet?
woke up this morning and was surprised..what no rate cut yet?
#2
iloli way
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iloli = I'm Laws Of Line's I(eye)
Posted 20 October 2007 - 09:32 AM
we still have the weekend to do more rate cuts
woke up this morning and was surprised..what no rate cut yet?
I know exactly what you felt. It is so obviously, isn't it? Bazooka Ben did it twice to bears, where is the follow up? I think this time is the time for Da Boyz to take profit, instead of suckers in. The time is ripe, what can we say?
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#3
traderpaul
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Posted 20 October 2007 - 09:43 AM
The rate cut was a shot in the arm.....But look at Japan, they cut the rate to almost zero.....Did it help? Nope
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#4
pdx5
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I want return OF my money more than return ON my money
Posted 20 October 2007 - 01:57 PM
Rate cut now will hurt more than help. Commodity inflation is
already high, just check your pump price next time you gas up.
If Benny cuts rates in this environment, short term rates will come
down, BUT LONG TERM RATES WILL GO UP in anticipation of
inflation accentuation. And Mortagage rates are based on LONG TERM
treasury rates. That will give another punch below the belt to housing,
which is the main drag on the economy.
So, rate cut helps stocks VST but look for a collapse IT.
Edited by pdx5, 20 October 2007 - 01:59 PM.
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