[Petronski]

“Some think” sounds awfully like Katie Couric (er, I mean Qaty al-Khouriq).

[kenth]

I can’t read Fed anymore without initally misreading it as Fred.

[NeoCaveman]

Some economists even argue that rate cuts could make matters worse.

You can always find some economist somewhere who will make whatever point you want.

[Eagles Talon IV]

More unsourced gloom and doom the sky is falling crap. Not a single individual named here and nothing but phrases such as “many say”, “it is possible that” and so on.

Take a side, there will be a recession or there will not be a recession. Either way you have a 50% chance of being right. If the Fed cuts rates then as in the past the economy will be stimulated and growth will ensue. Now THAT is almost a 100% certainty and another certainty is that as rates comes down those mtg resets will be at a lower rate thereby removing another stone in the “we are going to hell in a hand basket” wall being built by the glass is half empty crowd.

The only people who don’t want lower rates and lower taxes are liberals who want a trashed economy more then they want us to lose in Iraq (well, almost)

[Clemenza]

Yes, cut the interest rates and send our dollar further into the toilet.

Don't these geniuses remember the "stagflation" of the Bernes-era Fed? We might as well call for a return of polyester, herpes, and the Captain and Tennille...

I think the Fed should hold, but have a feeling that they won't over the next three months. We really do need a shakeout in the home market.