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Fed Does Not Change Interest Rate
http://money.cnn.com/ ^ | 8-7-07

Posted on 08/07/2007 11:20:02 AM PDT by Hydroshock

Fed leaves key short-term interest rate unchanged at 5.25%; indicates worries about credit problems. More details soon.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: fed; govwatch; housingbubble; realestate; speculation
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Good!!
1 posted on 08/07/2007 11:20:03 AM PDT by Hydroshock
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To: Hydroshock; Moonman62; ex-Texan

PING


2 posted on 08/07/2007 11:20:32 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Hydroshock

Its Armageddon! We are all going to die!


3 posted on 08/07/2007 11:20:58 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Hydroshock

We’ll see.


4 posted on 08/07/2007 11:21:12 AM PDT by RexBeach ("Americans never quit." Douglas MacArthur)
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To: Hydroshock

that smell is coming from Jim Cramer’s boxers.


5 posted on 08/07/2007 11:21:16 AM PDT by BurbankKarl
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To: BurbankKarl

I wish he would as another freeper put it earlier today take his bankruptcy like a man.


6 posted on 08/07/2007 11:22:23 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: BurbankKarl
What was Cramer predicting?
7 posted on 08/07/2007 11:22:27 AM PDT by KarlInOhio (May the heirs of Charles Martel and Jan Sobieski rise up again to defend Europe.)
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To: KarlInOhio

He has been ranting and raving for a rate cut.


8 posted on 08/07/2007 11:23:31 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Hydroshock

The available pool of lending instruments to purchase real estate is rapidly dwindling. The housing market is about to take on more inventory.


9 posted on 08/07/2007 11:23:34 AM PDT by Hoosier-Daddy ("It does no good to be a super power if you have to worry what the neighbors think." BuffaloJack)
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To: Hydroshock

The Fed has put themselves in a box. Lowering rates causes the dollar to sink further, rapidly no doubt. Raising rates further compunds the credit worries.

They are between a rock and a hard place.


10 posted on 08/07/2007 11:23:44 AM PDT by jsh3180
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To: BurbankKarl

11 posted on 08/07/2007 11:23:59 AM PDT by Pokey78 (Steyn: Al Qaeda wants to party like it's 799.)
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To: Hydroshock

Did you see that link to Cramer on Drudge? He was certainly ranting! Bear Stearns, perhaps U.S. Bank may crater.


12 posted on 08/07/2007 11:25:01 AM PDT by Hoosier-Daddy ("It does no good to be a super power if you have to worry what the neighbors think." BuffaloJack)
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To: Hydroshock
Fed Does Not Change Interest Rate; CNN Puts Negative Spin on All Economic News
13 posted on 08/07/2007 11:25:15 AM PDT by Recovering_Democrat (I am SO glad to no longer be associated with the party of Dependence on Government!)
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To: Hydroshock

I was kinda hoping for 15.25%.


14 posted on 08/07/2007 11:26:20 AM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: AdamSelene235

I was hoping they would take inflation on at 5.50%.


15 posted on 08/07/2007 11:27:06 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Hydroshock

Hell if I know what to do. I'm not touching anything.

5.25% forever!

16 posted on 08/07/2007 11:27:39 AM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: Hydroshock

Amen! Why should we depreciate our currency further (and risk inflation) just to bail out those who made poor housing and investment decisions?


17 posted on 08/07/2007 11:28:42 AM PDT by Clemenza (Rudy Giuliani, like Pesto and Seattle, belongs in the scrap heap of '90s Culture)
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To: jsh3180

Exactly.


18 posted on 08/07/2007 11:29:34 AM PDT by djf (Bush's legacy: Way more worried about Iraqs borders than our own!!! A once great nation... sad...)
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To: Hydroshock
He has been ranting and raving for a rate cut.

Last week he predicted the housing stocks would tank and recommended shorting them. However, he cautioned not to short the common directly, but buy puts instead, because if the Fed drops rates a 100 basis points, the housing stocks would recover nicely, and you'd get killed if you were short the common.

19 posted on 08/07/2007 11:29:42 AM PDT by cynwoody
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To: Phantom Lord

Cramer, is that you?


20 posted on 08/07/2007 11:30:19 AM PDT by Deo et Patria (God bless you, President Bush. And God bless America.)
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