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Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East...

Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East...

Its a cheeky move by Heli Ben, basically telling foreigners to shove it and accept a lower rate for their dollar holdings and daring them to expatriate dollars. Like the daredevil bluffer who doesn't think the opponents will call. Well, you keep bluffing with garbage hands, pretty soon people...

Real estate is going to suck all around the world, not just the US. Bubble hasn't just been confined to the US, its been almost everywhere. I guess I could buy land in the Antarctica, where theres been no bubble. LOL.

Buy real estate? LOL. Great advice, right after we've had a huge bubble. And short treasuries? LOL. I don't do negative carry trades and don't want to get punished by an easy Fed that believes in lowering rates but hates raising them. Please stop spouting off ill advised braindead advice...

Bernanke screwed you and you don't even know it. He just decided to give you less on your savings and give some overleveraged punk a better rate to borrow more and more money. I'm sure you feel great about it because the market went up (in the short term, I emphasize) but the euphoria ends...

I'm angry because most people on ET (I assume most here are not knee deep in debt, otherwise they wouldn't have the capital to trade) benefit from getting a higher rate on their savings, and with this rate cut, we are in effect, getting taxed and the borrowers are receiving a tax benefit...

Bernanke will cut down to at least 4.25% anyway, does it matter that he do it 25 25 25 25 or 50 25 25? It doesn't matter. Rate cuts are overrated. If a person has bad credit and lots of debt, it doesn't matter if rates are zero, they will not be able to get a loan. Mortgage rates are priced...

Trillions of dollars less than 10 years ago? I'd like to see the numbers that you are pulling out of your as.s

Bernanke pandered to Wall Street, people like Jim Cramer. The rate cut is way overblown anyway, 25 bp or 50 bp doesn't make much of a difference. The markets are so overfocused on the Fed because that's the only place you can find good news these days, if you look at the cold hard facts, the...

The big boys on Wall Street have Bernanke wrapped around their pinkies. I bet he would have preferred cutting by 100 bps! He has no respect for the value of the dollar only interested in getting cheers from Wall Street for saving the day~ When is our next "emergency cut", I bet if the...

There is already widespread inflation, the CPI is bunch of BS. Inflation will just keep going, the dollar is in a very long term downtrend, there is no bottom there. Equities in real dollars are doomed, in nominal dollars, it may tread water until people start to jump on the recession...

Dow is much more likely to go to 12000 than 15000 this year. This Fed meeting was one of the most anticipated Fed meetings in history, one of the most anticipated cuts in history (although most expected 25bp). All the bullishness is here, its going to be hard to find greater fools willing to...

The US economy is up sh*t creek. The dollar is going to hell in a handbasket, you have global stock markets all near all time highs after big runs from 2003 to 2007, home prices are going down, oil is above $80/barrel, and there are way too many hedge funds chasing the same cheese with the same...

The equity markets are easier to predict in the medium to long term, in the short term there is a lot of noise and random action. Maybe this will get the dumb sideline bulls in at the HIGHS and they will panic sell when reality sets in that the 50 bp doesn't mean much as prices go lower. The...

Interest rates only matter in extreme cases, 50 bp - 75 bp means very little in the big picture. Maybe Uncle Ben will cut rates down to 2-3%, who knows, he is that crazy and may be even easier with money than Easy Al, if that's even possible. But the world is not going to just stand there and...

Oil will go to triple digits soon. It is inevitable, you have the EASIEST Fed in history, dollars are just being spilled everywhere, it is a killer for the foreigners and domestic savers, but a godsend to homebuilders and those with gobs of debt and of course investment banks who get richer...

You will see foreigners expartriate their dollars back into their country's currency, they are getting killed with lower interest rates and a lower dollar on their bond and equity holdings. Very short sighted thinking by the Fed, pandering to the market and the investment bank community...

50 bp cut is actually going to be a negative in the medium term for stocks. In the short term, who knows, maybe some shorts will get squeezed out and dumb momo funds will buy at higher prices. The economy is going downhill, its something that is just getting started, and not reflected much...

The simplest solution for the Fed to help out with the credit crisis is to inflate the currency and make debt worth less. If debt is worth less, than it can more easily be paid off. The downside of this is that the people who don't have debt and are holding on to bonds or T-bills or money...