Will Fed cut rates on December 11th?

Will Fed Cut?

  • No rate cut, steady at 4.5%

    Votes: 38 27.9%

  • 25 bp cut, 4.25% (fed fund futures votes here)

    Votes: 59 43.4%

  • 50 bp cut or more

    Votes: 29 21.3%

  • Fed will raise rates, and I am joking of course because that will never happen.

    Votes: 10 7.4%
  • Total voters
    136
  • Poll closed .
I suggest the AG book to anyone.

The book gets even more interesting when Clinton comes in. Bush hated Greenspan - blamed him, not Perot, for the loss. So there's AG - hated - and the Dems come in and they hate him too. His first meeting with Bill C goes 3 hours instead of 1 and Greenie calls him the most intelligent since Nixon. So, Bill C asks AG what to do and AG tells him you're paying Reagan's tab and you have to get control of this deficit to get the bond market to back down. Clinton basically does it in his first budget and his approval falls to 28%. The rest is history - you can just feel the flame being lit under the greatest economy and bull market of the century. And it ended with a surplus!
 
Quote from Frank Thomas:

Could the renewed problems in the credit markets be do to the year end pressure in the one month and three month libor and that once the year comes to an end, libor will come down and the credit crisis will ease? If so that could take away the need for the fed to ease. Even though they will cut 25..... just a thought.....
More...

Bank of England Panel Voted 7-2 for Unchanged Rate
Brian Swint
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Nov. 21 (Bloomberg) --

Why does this matter? Just about every subprime loan and most commercial loans are tied to Libor. Might as well tie it to a rate in China for all the good we're doing

So teh answer is no - because it's another area we've allowed national sovereignty to be eroded.
 
An anonymous poll was not the way to go. Post in the new thread so you cn be judged on your statements when the time arrives.
 
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