Wow...im the only one that thinks they are going to raise the rate huh?
I dont know, but it just seems to me that the gummint doesnt give a flying fig anymore about what happens to your stock prices and they know a rate cut will raise the dow 100 points or so for a few hours, but by the end of the day, banks aint passing along that savings to distressed homeowners. I do think they are more concerned about inflation and a rate raise at this point would give so much more strength to our dollar that i wouldnt be surprised if we saw the dollar at 1.35 to the euro by friday. If they cut, we just get a weak dollar again.
I dont know...i just think the gummint is ready to slam the other currencies of the world with a rate raise.
I dont know, but it just seems to me that the gummint doesnt give a flying fig anymore about what happens to your stock prices and they know a rate cut will raise the dow 100 points or so for a few hours, but by the end of the day, banks aint passing along that savings to distressed homeowners. I do think they are more concerned about inflation and a rate raise at this point would give so much more strength to our dollar that i wouldnt be surprised if we saw the dollar at 1.35 to the euro by friday. If they cut, we just get a weak dollar again.
I dont know...i just think the gummint is ready to slam the other currencies of the world with a rate raise.