NOT GOING TO HAPPEN.
As if our dollars aren’t worthless enough. What this economy needs right now is time and tough love to work out the excess from the the housing/credit bubble and bursting. The fed lowers 50 basis points and it signals that agenda is to bailout housing flippers and no standard money lenders at the cost of inflicting massive inflation.
The fed lowers 50 basis points and it will have 0 credibilty not only in the US, but world wide.
One minute I agree with you, the next minute I want a rate cut. I have read a number of opinions on both possibilities, and there are good cases made for both. What to do?
One thing I always keep in mind is the old saw that it takes months for the economy to fully respond to any Fed action, maybe longer. In that regard, the Fed is and has been behind the curve a number of times, so maybe a rate cut might be best to get things back in balance a bit. I dunno.
I agree with you. A cut would only serve Wallstreet bad decisions. When the Feds throw out common good for everyone and start listening to Wallstreet pundits the market will be in shambles. Rates to remain unchanged.
Well, er...uh looks like we'll just wait and see tomorrow. I think they will drop the rates...But no one knows right now.