You know Ben is going to cut 50 bp

kinggyppo · Dec 4, 2007

You are correct, but it is interesting that when it comes down to it that the US is still the economy to watch. Japan isn't going to do too well being an export heavy economy ( all those electronics, etc) with the yen at par. Who knew that a bunch of losers not paying their mortgages could cause a central bank rate cut, somewhat comical and sad.

http://www.marketwatch.com/News/Sto...x?guid={BC6C5A56-E8AC-400F-83C5-3DB1F574331E}

Matt24SPFL · Dec 4, 2007

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<tr><td><a href="http://zfacts.com/p/461.html" id='zF05' style="color:black;font-size:12px">The Gross National Debt</a></td></tr>
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No big deal right?

kinggyppo · Dec 4, 2007

Here is a comment from the head of Fannie Mae, if this doesn't sound like big brother, I don't know what does; bring back Teddy Roosevelt:

"The market needs us to be there -- and we believe this plan will help us do that," Mudd said in a statement.

:mad:

http://www.marketwatch.com/news/sto...D8E5-46CB-B602-7C38B30B0A28}&dist=morenews_ts

WaveStrider · Dec 4, 2007

Quote from Matt24SPFL:


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<tr><td><script type="text/javascript" src="http://www.zfacts.com/giz/G05/debt.js"></script></td></tr>
<tr><td><a href="http://zfacts.com/p/461.html" id='zF05' style="color:black;font-size:12px">The Gross National Debt</a></td></tr>
</table>


No big deal right?

Didn't some great economist say "Deficits don't matter"?

Forgot his name...

Tracy McGreedy · Dec 4, 2007

Yo Dividend, I tried to PM you, but says you can't accept messages.

Quote from dividend:

The real question is why haven't they cut sooner.

If FOMC doesn't cut 50 bp minimum there's something fishy.

JamesVU2000 · Dec 4, 2007

They're going go 50, but it wont matter. This whole system needs to be audited and accounted for. Thats the only way.

nealvan · Dec 4, 2007

Quote from athlonmank8:

I dont need to work. However, i'm stating this from a moral standpoint. It makes me sick. Unfortunately, I have a real problem with what's going on. It may be the "right" thing, but it's not how I like getting things done.

I know you don't need to work. I'm speaking for the face of society.
You should always look for the good before you reiterate what's bad. I'm sure if you go to sites like 321.gold they will be pumping one message gloom for dollar good for gold. Media makes things worse than they sound to get a viewing audience. The over all picture is different and sure there is a transfer of wealth for people that make bad decisions that's why we have a working class and a thinking class. Not everyone is meant to think but eveyone thinks they have the capacity. I'm saying the workers should get back to work. If we cut rates and make things tough people will have to work more competitively. The deficite would go down by the increase of exports.

Dr.Greenback · Dec 4, 2007

Quote from dividend:
e
The real question is why haven't they cut sooner.

If FOMC doesn't cut 50 bp minimum there's something fishy.

That's a good question.

I see the potential for a larger cut also, maybe 75-100bps.

Why would they only cut 25bps?

piezoe · Dec 4, 2007

Quote from Matt24SPFL:


<table id="zDebtBox">
<tr><td><script type="text/javascript" src="http://www.zfacts.com/giz/G05/debt.js"></script></td></tr>
<tr><td><a href="http://zfacts.com/p/461.html" id='zF05' style="color:black;font-size:12px">The Gross National Debt</a></td></tr>
</table>


No big deal right?

30K per person in the US.. There are some 5 year olds that don't have 30K to pay their share.

Alex_in_Oz · Dec 4, 2007

Quote from WaveStrider:

Didn't some great economist say "Deficits don't matter"?

Forgot his name...

If he said 'Economists don't matter' he might have won the Nobel Prize!

When I worked at Nomura there was this PhD in Economics who's forecasts were wrong (significantly miscalculated) for two years straight!

He now teaches at some University in the USA I heard.