Emergency rate cut? What emergency?
To: DeaconBenjamin
The dollar fell to a record low against the euro on Tuesday as rumours swept the currencies markets that the Federal Reserve was set to deliver an emergency cut in US interest rates. Traders said the talk was that that the Fed would cut interest rates when it released its new growth forecasts and the minutes from its October meeting at 19.00GMT. WOW!!! This blindsided me!! LOL!
America is now a bargain with the wise jumping in. Meanwhile, overseas they are sweating bullets for the USD got rebates and incentives, hehehe.
2 posted on
11/20/2007 4:56:52 AM PST by
BlabItGrabIt
(Trucks...Trucks....Trucks...Trucks)
To: DeaconBenjamin
If we didn’t have a president who loves the weak dollar and high oil prices, there would have been coordinated intervention by now.
3 posted on
11/20/2007 5:39:15 AM PST by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: DeaconBenjamin
“The Fed will want to keep its options open,” he sad. “By introducing an emergency rate cut, it would send the wrong message out to the market and seriously undermine its credibility.” Bull. The Fed needs to do a big rate cut now just to keep up with reality.
4 posted on
11/20/2007 5:40:54 AM PST by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: DeaconBenjamin; Calpernia; cbkaty; Nervous Tick; ex-Texan; RockinRight; NVDave; Neidermeyer; ...
Economy/Credit/Housing Issues Ping List
If you want on or off this list let me know.
5 posted on
11/20/2007 5:42:04 AM PST by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: DeaconBenjamin
Well, I guess we were not at a bottom on the dollar in the previous discussion.
and seriously undermine its credibility.Hint ol' boys. You have no credibility. The credit bubble is bursting and the dollar is tanking and it happened on your watch.
To: DeaconBenjamin
Well at least the dollar is backed up by all of the gold in Fort Knox.
What?
The dollar's not backed by gold?
And there's no gold in Fort Knox?
We're DOOMED!
17 posted on
11/20/2007 6:06:11 AM PST by
CholeraJoe
(Be unique. It makes it easier for the rest of us to identify the morons.)
To: DeaconBenjamin
It’s all Bush’s fault. Yes it is.
59 posted on
11/20/2007 9:53:29 AM PST by
ex-snook
("Above all things, truth beareth away the victory.")
To: DeaconBenjamin
Every day now there is a new report of yet another massive debt write down. Barclays just yesterday, $2 billion.
The central bank doesn't want runaway inflationary expectations because there will be political ramifications if Joe can't afford his SixPack.
77 posted on
11/20/2007 3:52:52 PM PST by
jrsmc
To: DeaconBenjamin
Cool, another pay cut for all Americans! Let’s borrow even more money from the Chinese communists!
79 posted on
11/20/2007 3:57:02 PM PST by
mysterio
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson