So rate cut is guaranteed

[S2007S]

are the markets up on anticpation of a 50BP rate cut?

If so this market is going to run into more problems, a 50bp cut would do worse for the economy than better, this is not the way they should go about doing this. Seems they are saving wallstreet and nobody else.

 

[milehigh_trader]

We need to raise rates...get a big purge everywhere and then coast into 2008 with a fresh start after the chaos is over

 

[xiaodre]

That's a horrible idea.

 

[daddyeaux]

Quote from kashirin:

According to this headline

Kohn: Can't hold economy hostage to teach speculators lesson


I guess it might be even 50 bp

the only thine guaranteed is devaluation...