Will Fed cut rates on December 11th?

[Covertibility]

Quote from frank grimes:

4.9% are you fucking nuts? link please.

First saw that last week and waited til today to look at it again. I pulled it at Yahoo Finance and saw it again on the economic calenders of my online brokers. I don't understand whats so surprising about it.

Lets pull up some pretty charts of the past. From CARPE DIEM

Even at the height of the S&L debacle, no recession.

That blog has few other tidbits going on today that isn't of the "gloom and doom, end of the world" crap thats appearing all over the place.

 

[Jaxon]

Quote from Jaxon:

They have pretty much told us they will not cut rates again at the next meeting. Unless data turns worse, particularly the November employment report, they should not cut rates. The market however seems to be expecting or demanding a rate cut.

I was (very) surprised by the 50bp cut. Maybe I will be surprised again.

Guess I have to change my vote to YES, they will cut rates.

 

[milehigh_trader]

This place reminds me of Gorilla trades...buncha goin' back and forth...

It's bananas!!!

 

[Tracy McGreedy]

They will cut 25bps. Downside risk is too big to not cut. Fed is playing the "transparency" game, by indicating that they are aware of inflatinonary pressure and the state of the dollar. This talk is just token to appease Ron Paul.

Quote from The Kin2:

I hear all these rumours of a suprise rate cut, and a 50 bp at that.

So what does ET think?

 

[bond tr4der]

Quote from makloda:

If what the bond market is telling us will become economic reality I guess oil will be closer to $60 rather than $100 soon.

You're thinking in US Dollars. Get with the times. India and China will soon be drivers of the world's economy. America could cease all oil consumption today, and demand from the rest of the world would pick up the slack within a decade.

 

[thecalip]

Let's just cut it to 0, in the matter of face, can you cut it into a negative number?

I mean, over night rate means nothing when we have no idea what M3 is.

 

[99atlantic]

They'll cut it, and spell their own doom - if the market hasn't done shit, and has even gone backwards, after billions of $$ injections and multiple rate cuts already, what's one more going to do?

 

[dandxg]

That was beautiful this morning. Santelli owned Leisman on that debate. He is the only person I listen to on CNBC. More rate cuts aren't going to do shit. This market needs to work out if problems, it's called recession.

 

[The Kin2]

Haha bitches, all 34 of you assholes have been exposed wrong. I dare you to come out of anonymity and expose your vote that the fed WONT cut rates. Come on now so we can publically ridicule you. The fact of the matter is the Fed is cutting and cutting huge.

 

[scriabinop23]

Quote from The Kin2:

Haha bitches, all 34 of you assholes have been exposed wrong. I dare you to come out of anonymity and expose your vote that the fed WONT cut rates. Come on now so we can publically ridicule you. The fact of the matter is the Fed is cutting and cutting huge.

Go ahead. I say no rate cut.