[frithguild]

[Always Right]

Here’s my doomsday prediction for the rest of the year....a 15,000 DOW, higher than expected GDP growth, low inflation, and a rising dollar.

[rbg81]

The Fed appears to be hypersensitive to the Wall Street crowd. These guys play fast and loose with other people’s money and then scream bloody murder when their elaborate ponzi schemes don’t work out. So of course the Fed has to ride to the rescue and bail their hedge funds out. Only problem is that the dollar will sink and inflation will run rampant. This will penalize those of us who actually tried to save and live within our means. Meanwhile, next time, Biff and Buffy Wall Street will be sufficiently emboldened as to take even bigger risks next time. Thanks.

[Mr Ramsbotham]

Since the rate cut on Tuesday, all the indicators of inflation have moved into the red zone.

It takes time for inflationary pressures to result in general price rises; it's not something you're going to see overnight. And that's assuming the money supply has actually expanded. I'm not sure if making the existing supply cheaper will have the same effect.

[dragnet2]

Watch for more rate cuts in the future. I’d say this is just the beginning of the cuts.

[Moonman62]

The credit markets had substantially recovered long before the Fed cut rates on Tuesday. And other than one tepid jobs report, there hasn't been any real sign of any economic weakness.

Kudlow did an article saying that tax revenues from businesses were down 3 of the past 4 months, and that jobs report also included downward revisions for the previous two months.