I know Jeff’s working on a whopper of an article to follow up on his last gem; what do YOU think of the rate cuts?
Wall Street & Fed Cut Sittin’ in a Tree…
There’s always something to howl about.
I know Jeff’s working on a whopper of an article to follow up on his last gem; what do YOU think of the rate cuts?
Robert Kerr says:
What do YOU think of the rate cuts?
Best case: the cuts delay the recession 1 quarter. Worst case: a much deeper recession, with inflation on the side.
You can’t fix the problems in our economy with rate cuts. Or tax cuts.
September 18, 2007 — 8:38 pm
Todd says:
The NAR using its influence to cut interest rates is causing the dollar to collapse:
“…The Fed’s dramatic half point cut to 4.75pc yesterday has already caused a plunge in the world dollar index to a fifteen year low.”
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/19/bcnsaudi119.xml
Was it worth it?
September 20, 2007 — 3:20 pm
Robert Kerr says:
The US dollar is now on par with the loonie (Canada). The Euro is highest ever against the dollar. The dollar index is now THIS CLOSE to territory not seen since the 1970s. Gold is now $700/oz, also not-since-the-70s.
Retail spending is down, we lost jobs last month and just this week – almost immediately after the Fed’s rate cut – the Saudis chose to break their peg to the dollar and have reportedly begun dumping their $3.5T in greenbacks.
God help us if the dollar sell-off continues.
Anyone still think the rate cut was a good idea?
September 20, 2007 — 8:54 pm