Would there be another weekend announcement of further rate cut in Sunday afternoon?
To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...
2 posted on
10/05/2008 8:10:37 AM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
At least we still have a few people with their heads screwed on right....
To: TigerLikesRooster
"We need to deal with this crisis, I agree, and it's difficult, but we can't lose sight of what's ahead of us," Hoenig said, adding that an easy monetary policy helped fuel the credit boom that led to the current crisis. Too bad he wasn't equally concerned when the yield curve was inverted because interest rates were too high. The Fed needs to stop treating economic growth like it's the enemy.
6 posted on
10/05/2008 8:42:42 AM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: TigerLikesRooster
St. Louis Federal Reserve Bank President James Bullard and Kansas City Fed chief Thomas Hoenig both acknowledged the US economy was likely to face some rough times ahead, but showed clear unease with the idea of lower rates.The middle of the country didn't have a real estate mania and has a lot of farmers getting high commodity prices. Thus these two Fed branches are less in need of rate cuts in their regions
8 posted on
10/05/2008 9:19:54 AM PDT by
dennisw
(Never bet on Islam! ::::: Never bet on a false prophet!)
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