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Fed and ECB announce half point cut in interest rates
CNN ^

Posted on 10/08/2008 4:20:37 AM PDT by TigerLikesRooster

World's leading economies -- led by U.S. Federal Reserve and European Central Bank -- announce half point cut in interest rates.

(Excerpt) Read more at edition.cnn.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: ecb; economy; fed; futures; halfpoint; ratecut; wallstreet
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To: Toddsterpatriot

True believers aren’t all dumb (on either side).


61 posted on 10/08/2008 7:47:18 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
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To: palmer

Posters who claim the government doesn’t include energy prices when they calculate inflation are dumb.


62 posted on 10/08/2008 7:48:44 AM PDT by Toddsterpatriot (Do you remember when blue was a feeling, gray was a word and one was a number...)
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To: Toddsterpatriot

Looking at prices for evidence of inflation only works if there are no other influences on demand and supply (not true), only works in hindsight, and leaves out other important measurements like wages, inflation psychology, etc.


63 posted on 10/08/2008 7:53:09 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
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To: palmer

Posters who claim the government doesn’t include energy prices when they calculate consumer prices are dumb.


64 posted on 10/08/2008 7:56:09 AM PDT by Toddsterpatriot (Do you remember when blue was a feeling, gray was a word and one was a number...)
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To: Toddsterpatriot

I agree


65 posted on 10/08/2008 8:03:32 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
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To: TomGuy
Corporate America and government got hooked on the illegal alien drug. It didn't take a rocket scientist in 2003 to figure it out.

This is what the LSM and government will not address to the public.

A retail / service sector (all consumption) economy is so strong.....my rear.

66 posted on 10/08/2008 9:14:17 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: TigerLikesRooster
The former owners of stocks don't like the bailout and the possibility of an Obama, Pelosi, Reid controlled government.

DIA = DJIA, S&P = S&P 500, MDY = MID CAP INDEX

67 posted on 10/08/2008 9:54:31 AM PDT by Grampa Dave ( I do not want to know the type of person, who does not like Sarah !)
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To: M203M4

What style of economics do they embrace at George Mason, do you know? They have a series of podcasts about economics that seem to be derived from Ludwig van Mises and Frederick Hayek. You can check them out at econtalk.org.


68 posted on 10/08/2008 10:20:23 AM PDT by TenthAmendmentChampion (Lord please bless our nation with John McCain as president and Sarah Palin as Vice President! Amen.)
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To: RSmithOpt

“Therefore, sitting on some savings, living within one’s on means is practical....too bad the idiots in Congress and Wall St. can’t comprehend those virtues.”

But neither of those virtues puts much money movement into the economy, and can’t be taxed (well, interest on savings is taxed, which is a disincentive to save). Thus those ideas are discouraged. Remember after 9/11: spend! spend! spend!


69 posted on 10/08/2008 10:25:07 AM PDT by TenthAmendmentChampion (Lord please bless our nation with John McCain as president and Sarah Palin as Vice President! Amen.)
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To: TenthAmendmentChampion
Why do I feel like I'm watching a slow motion duel to the death between Mister Keynes and Mister Trickledown? ... And what's the best mortgage rate out there right now, I wanna buy a foreclosure.
70 posted on 10/08/2008 10:33:22 AM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: TenthAmendmentChampion

Exactly!! The failed policies of a government hooked on money; much worse that to that comparable to the worse crack whore you’ve ever known / seen / seen in movie.


71 posted on 10/08/2008 10:36:27 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: palmer
Palmer, I like your posts a lot. You are much more knowledgeable about the economy stuff than me, however, I do not see the price of food coming down in the near term.

Until the major food produces decide to cut to increase volume at reduced margin, it won't happen. Also, the farmer has been hit hard by inflated seed prices, fuel, and fertilizer. The farmers' costs will have to come down first. I see the food cost reductions 2 seasons out.

72 posted on 10/08/2008 11:01:18 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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