Posted on 08/30/2007 10:28:05 AM PDT by Hydroshock
Federal Reserve Chairman Ben Bernanke is under intense pressure to signal a rate cut when he takes center stage Friday at a gathering of central bankers in Jackson Hole, Wyoming. Dennis Cook / AP Federal Reserve Chairman Ben Bernanke --------------------------------------------------------------------------------
In recent days, CEOs, investors and politicians have been clamoring for the Fed chief to move quickly to ease the current credit crunch and keep the economy from sliding into a recession. Although the Fed helped calm the markets on Aug. 17 with a surprise cut in the discount rate, the call now is for a cut in the more important fed funds rate, which has been stuck at 5.25% for more than a year.
"Clearly, the risk of the economy overall going into a recession is heightened right now," complained Ara Hovnanian, the chief executive of homebuilder Hovnanian Enterprises in an interview on CNBC Thursday. "The credit market disarray is real. Clearly a rate cut would be helpful to the overall economy right now."
It's against the backdrop that Bernanke will deliver one of the most closely watched speeches of his chairmanship on Friday.
(Excerpt) Read more at cnbc.com ...
But I doubt it, you want a juvenile flame war on an adult topic.
Not interested. Run along.
A year or two? Try FOUR!
If you have a deep, burning love for rosie o donnell, please paste the same thing again.
You could go back even farther.
They (ecokooks) NEVER own up to being 100% wrong.
Its a common trait among them they have with your average brain dead liberal.
No, we have to be ‘sensitive’ and avoid wrecking the whole economy.
Who says we’ll wreck the whole economy? The same people who for years said there was no ‘bubble’ and no underlying problem to the mortgage / home industry. The ones who said housing prices would continue to rise because they’re not making any more land. The one who dismissed concerns with interest only mortgages and other shady deals.
Yes, we should listen to their economic advice. They’re sages!!!
But I doubt it, you want a juvenile flame war on an adult topic.
Not interested. Run along.
I hear you. I have been told that Petronski as well as others on this board make their living in the real estate/mortgage industry. Their ox is getting gored pretty hard these days.
Well that confirms it. Have you told rosie how you feel?
But I doubt it, you want a juvenile flame war on an adult topic.
Not interested. Run along.
I don’t care if they’re members here or my relatives. No bailouts, no messing with interest rates to appease them at the risk of the whole economy. Inflation and the precedent of bailouts will have a more devastating long term effect than a bunch of people losing some money and their related markets taking it on the chin for awhile.
For years they have been trying to say there was no underlying problem with the housing market. Everything was going to go up up up forever. Meanwhile, all the classic signs of a bubble were building.
The big tipoff for me was when people with otherwise good jobs quit them to become speculators and flippers. In any market, that’s the classic sign that you’ve reached a level where hype is driving the business.
Any time you pointed to these signs, you were laughed at because they knew better. Now guess what - we have to act because there is a problem. I thought those experts said there wasn’t a problem and their wouldn’t be one. Hmmmm.
Really? She rebuffed you? That’s too bad. Maybe you’re just not her type.
But I doubt it, you want a juvenile flame war on an adult topic.
Not interested. Run along.
How about this time you copy and paste your same “run along” response if you think David Hasselhoff is the sexiest man alive.
How about this time you copy and paste your same “run along” response if you think David Hasselhoff is the sexiest man alive.
Coming from a very juvenile poster who’s homepage features a dozen pictures of men in drag.....wow.
You got some issues, hoss. Seek help before its too late.
Men in drag? Rudy? Duh, you really are Jimmy! Jimmy is smarter than you!!!
Took you long enough to catch on. How’s the business going? Still averting laying off your employees by posting on the internet?
But I doubt it, you want a juvenile flame war on an adult topic.
Not interested. Run along.
That’s all you have. And you act like you’re the expert.
Do you know what non core inflation is running at? I bet you don’t even have a clue.
But I doubt it, you want a juvenile flame war on an adult topic.
Not interested. Run along.
Even though you don't have the guts to ping me, I am happy to tell you your information on this topic is as bad as most others. Congratulations on being consistent. Consistently ignorant.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.