fed rate cut: The Great American Puppet Show, ACT II
- 02/02/08 04:04 AM
Do They or Don't They? We open this Act with the Fed cutting rates by 50 basis points and wondering what it is they know that we do not. Do they have access to economic data before it is released? Is Ben acting on popular opinion in the markets? Is the economy in bad shape? Unfortunately, I think that this will be one of those plays that will have an ending that we will have to wait for the sequel!! Lets start with Wednesday when the fed cut rates. In the morning the ADP estimates for employment came out showing an … (3 comments)
fed rate cut: The Great American Puppet Show
- 01/25/08 06:53 AM
Rates, The Fed and Apple Pie, too. As we paused to reflect on Martin Luther King, Jr. day the rest of the world was having a financial melt down. Why? Well, it seems they were worried about us. Record foreclosures, billion dollar write downs and the threat or realization of recession. Ben Bernanke and Fed decided on Tuesday morning that things were looking grim and emergency action was needed. They infused a .75% reduction in rates and the media went to town. What did they talk about? The great news of mortgage rates going down .75%. The problem is they were … (2 comments)
Do They or Don't They? 
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