I can't seem to find a reason why rate cuts are necessary. I thought they were used during market declines, and to control inflation, which by the way is starting to take root.
Now why is the fed cutting rates?????
- Thread starter myminitrading
- Start date
They need to avoid looking as if they are just giving wall street what it wants. No other major central bank is cutting, if anything they are poised to raise.
It's easy
Have you seen any movies where people were sent to jail?
If they wanted others not to touch their asses they had to do something even though it was stupid or even dangerous. Like steeleing somethin from the guards
The same with Bernanke. Goldman says - if you don't cut we will put something into yur ass. And they don't joke. Bernanke doesn't think if it's good for economy or not. He just wants to save his ass
I think everybody would cut to save his ass from Goldman
Have you seen any movies where people were sent to jail?
If they wanted others not to touch their asses they had to do something even though it was stupid or even dangerous. Like steeleing somethin from the guards
The same with Bernanke. Goldman says - if you don't cut we will put something into yur ass. And they don't joke. Bernanke doesn't think if it's good for economy or not. He just wants to save his ass
I think everybody would cut to save his ass from Goldman
This here is the only reason why:
http://www.markit.com/information/products/abx/history_graphs.html
Otherwise, I very much agree with you.
http://www.markit.com/information/products/abx/history_graphs.html
Otherwise, I very much agree with you.
LOL
For those tuning in late, a good resume of current standoff in the WP
http://www.washingtonpost.com/wp-dy...10/30/AR2007103002092.html?hpid=moreheadlines
http://www.washingtonpost.com/wp-dy...10/30/AR2007103002092.html?hpid=moreheadlines
The Fed is there FOR YOUR GOOD!
Since it's inception it has kept the economy on an even keel with no outrageous booms or busts!
What more proof does anyone need about how necessary it is to have the Fed?
Because NO ONE profits from wild gyrations in the economy, ESPECIALLY the banks of the FED!!
Since it's inception it has kept the economy on an even keel with no outrageous booms or busts!
What more proof does anyone need about how necessary it is to have the Fed?
Because NO ONE profits from wild gyrations in the economy, ESPECIALLY the banks of the FED!!