Was the Fed Cut Really Such a Good Thing?

A rate cut, what was the reason behind that rate cut again???


:p :p :p :p :p :p


Where is the dollar??

I forgot inflation is tame while the cost of food and energy go just a little higher.


Quart of milk 4 months ago .96

TODAY: $1.20


thats just one example of the cost of milk moving up 25% over the last 4 months.

The rate cut was for wallstreet and no one else, the dow would be near 13k if it were not for the 50 bp cut, instead its at record highs.
 
Quote from kashirin:

Bernanke is a criminal and must be charged.
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Amen to that.

So with today's action, I guess we are going to see another 1/2 point cut by next meeting in 2 weeks?

And probably by mid next year, rate will be back at 1% or even at 0%
 
Quote from thecalip:

Amen to that.

So with today's action, I guess we are going to see another 1/2 point cut by next meeting in 2 weeks?

And probably by mid next year, rate will be back at 1% or even at 0%
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Yes and Dow will be @ 16000, hurry hop on board, don't stand their and brood.
 
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