What's the thinking on this?
I'm thinking they let things fall today and assess the damage over the weekend. If it's bad, I wouldn't be surprised to see an emergency cut on SUNDAY of anywhere from 50bp to 100bp (gotta beat the Asian opening of course).
I'm finally warming up to gold again. Soon enough we'll see bankers on street corners handing out dollar bills (dropping dollars from a helicopter is just silly).
I'm thinking they let things fall today and assess the damage over the weekend. If it's bad, I wouldn't be surprised to see an emergency cut on SUNDAY of anywhere from 50bp to 100bp (gotta beat the Asian opening of course).
I'm finally warming up to gold again. Soon enough we'll see bankers on street corners handing out dollar bills (dropping dollars from a helicopter is just silly).
