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Fed only cut 1/4 point because of this:
- Thread starter Warrior4g
- Start date
Quote from enforcer99:
they are still worried about inflation and the weakening dollar causing import prices to rise. they are in a very difficult spot.
Problem is when inflation is already a much bigger problem for the average middle class American who now has to depend on alternative streams of income such as the value of their homes, e-bay, and stock trading, the FED saying their worried about inflation doesn't matter to the average joe six pack. As far as I am concerned inflation might as well be 100%.
They may have worked out that inflation, EX-FOOD AND ENERGY is a meaningless statistic.
Who doesn't eat, or drive a car, or use electricity, or heat their homes...?*
*apart from crack-whores
Who doesn't eat, or drive a car, or use electricity, or heat their homes...?*
*apart from crack-whores
When helicopter Ben said weaken dollars doesn't affect over daily life, I know we are fuck. The weak dollars affect every tiny bid of our life when we depend on other countries so much. Weaken dollars mean high cost to import, which lead to high cost for goods and this affecting our life.
He is a moron, thought he spends his life studying it and know what he is talking about. Can't expect much when he is selected by Bush, who himself is a fool.
He is a moron, thought he spends his life studying it and know what he is talking about. Can't expect much when he is selected by Bush, who himself is a fool.
Quote from Hansel H:
Mike Holland, the favorite analyst of PBS's Nightly Business Report sez the FED move today will prove to be a disaster. He's calling for a major selloff tomorrow.
All three major index futures have been trading steadily in the green tonight.. personally I think today was an overreaction, thats what the market does best though right?