No doubt RB! No doubt. I’ve been predicting the fall of this house of cards for a while but now that it’s happening I’ve got to admit that I’m scared!! This fall will be epic unless something unforeseen stops it.
Likelihood of 100 basis-point rate cut gaining a following (Fed rate cut)
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Calls for 1-point rate reduction grow louder
Bear Stearns shocker triggers forecasts for whopper cut to 2%
By Laura Mandaro, MarketWatch
Last Update: 7:52 PM ET Mar 14, 2008
SAN FRANCISCO (Menafn - MarketWatch) -- Expectations that Federal Reserve next week will cut rates by a full percentage point, to 2%, gained traction among economists and traders Friday after a bailout of Bear Stearns Cos. revealed more fault lines in the U.S. financial system.