Posted on 11/26/2007 1:16:47 PM PST by Moonman62
At this rate we will be down into the 11000’s by New Years.
Or, maybe he's on Mrs. Clinton's side?
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The longer they wait the more they’ll have to lower rates later.
I’ve never seen so many people on a conservative web site get so excited at the prospect of a declining economy/ stock market. Wow
Lower interest rates would drive the dollar down further.
How would that help? Seriously, how would that help the current problems?
Speak for the other guys. My position is the White House has poor economic policy and the Fed has been screwing up since the Great Depression with no accountability. I wish both would clean up their acts.
The bond market is fleeing the equities markets into the 91-day T and all other Treasuries - a “flight to safety.” As a result, the yields the market is showing for the Funds rate is vastly lower than what the Fed is setting as the rate.
When the market and the Fed are out of step like this, something has to give. If the Fed doesn’t provide some recognition of what the credit markets are doing, then the market really starts to go down...
You and me both, but we’re gonna be worm food long before they get their heads out of their tushies.
BTW — any opinions on the M-LEC/”Super SIV”? I’m noticing we’ve getting to the end of November and it still ain’t in place, and it looks like everyone is standing around, holding onto their wallets, saying “You first!”
bttt
Not so fast! Lowering rates cause the dollar to drop (because higher interest rates in harder currencies, such as CAD or EUR, pull money out of the USD). Devaluation has been good for us so far, but too much more of it and we turn into Zimbabwe.
Today's action was a decisive Dow Theory sell signal. Go to short-term Treasuries for the time being.
I agree with what you said. 10 year at 3.85.
Still, lowering the fed funds rate would do nothing to solve the fundamental problems in the credit markets.
I believe that we’ve hardly even begun to see the repercussions of derivative-related failures.
Conservatives (of which Mr. Bush is not one; certainly not a fiscal conservative he) usually know a thing or two about money.
And those of us who like to think (or at least hope) we know a thing or two about the way the markets work can see the handwriting on the wall in big, day-glo orange letters: We’ve got some really serious problems and the Bush administration is completely asleep at the wheel, and the Fed is playing tiddlywinks. The Congress, such as it is, is equally clueless and yet desires to “do something!” and everything they’ve proposed to date would make the problems only worse.
There’s a huge vacuum of leadership right now, and there’s going to be a heavy price to pay if someone doesn’t step up and right quick.
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