[Jack]

$this->bbcode_second_pass_quote('Bas', '')$this->bbcode_second_pass_quote('', 'F')ed puts money presses on "Turbo"

[Bas]

seriously, doesn't anybody think this 0.5% move undercuts the credibility of the Fed as an inflation fighter? The inflation pressures are already high, and if actual inflation skyrockets (at least by western standards) a lot of people might lose confidence in the dollar which will only be won back after a prolonged period of high interest rates and low inflation. IOW this aggresive fed move IMO is more like a shot to a junkie than well dosed medicine for the economy.

[dukey]

the yen carry trade will probably also unwind, as a result of this rate cut
i am not sure of the exact economic implications of this
but the word bad springs to mind

[EndOfGrowth]

$this->bbcode_second_pass_quote('Bas', 'I')OW this aggresive fed move IMO is more like a shot to a junkie than well dosed medicine for the economy.

[firestarter]

$this->bbcode_second_pass_quote('dukey', 't')he yen carry trade will probably also unwind, as a result of this rate cut
i am not sure of the exact economic implications of this
but the word bad springs to mind

[Bas]

$this->bbcode_second_pass_quote('dukey', 't')he yen carry trade will probably also unwind, as a result of this rate cut
i am not sure of the exact economic implications of this
but the word bad springs to mind

[nth]

What do you guys think about the EU central bank's decision to keep printing Euros like there is no tomorrow?

[threadbear]

$this->bbcode_second_pass_quote('strider3700', 'm')y gold is up $10 in the last 15 minutes. Thank god I don't have any savings in US dollars. At this rate I expect by christmas gold at $750 oil at $85 and the canadian dollar on par to the US dollar.

It's almost surreal watching the dollar tank so far so quick

[Novus]

The fed gives me all the confidence of a drunk driver who is fish tailing down the road at 100mph who just oversteered into another curve. He will have to react sharply to avoid going off the road and into a ditch. Old Ben has been dipping into the Corn-O-copian moonshine dulling sences to the danger and deadining his reactions. Someone better call 911.

[Cynus]

Everyone has to look at this chart of the Euro Vs Dollar.
Holy crap!
http://finance.yahoo.com/q/bc?s=EURUSD=X&t=1d

[EndOfGrowth]

Hyperinflationary recession is a done deal now

[joewp]

$this->bbcode_second_pass_quote('Leanan', '')$this->bbcode_second_pass_quote('sirrom', 't')his may seem like a dumb question,but does this mean oil prices will go up?

[Chuckmak]

$this->bbcode_second_pass_quote('Cynus', 'E')veryone has to look at this cart of the Euro Vs Dollar.
Holy crap!
http://finance.yahoo.com/q/bc?s=EURUSD=X&t=1d

[threadbear]

$this->bbcode_second_pass_quote('EndOfGrowth', '')$this->bbcode_second_pass_quote('Bas', 'I')OW this aggresive fed move IMO is more like a shot to a junkie than well dosed medicine for the economy.

[Bas]

$this->bbcode_second_pass_quote('nth', 'W')hat do you guys think about the EU central bank's decision to keep printing Euros like there is no tomorrow?

[mattduke]

So much for "not appearing to panic".

[Tyler_JC]

I take back what I said about the gradual decline of the dollar.

Roccman is right.

We are seriously screwed right now.

I suggest you go shopping before you have to do it with wheelbarrows...

I just can't believe Helicopter Ben would be so stupid. ARGH

[MOCKBA]

According to M3 and M2 statistics, Russia leads the pack with 51% growth this year in its money supply, followed by India 22%, China 20%, Brazil 16%, UK and Australia 14%, Europe 13% and the US 12%

[RdSnt]

Most of the other major currencies have been printing at higher percentages than the USD. Regarding the Euro, part of the reason I believe is due to it's young age and rapid acceptance. I don't believe anyone would have thought a brand new (5 years) currency would have become as dominant as it has become. They need to print fast just to satisfy demand.
Other currencies don't have that excuse.
Still, USD supply is growing at +14% this year.

I'd be a bit cautious about the rising commodity prices, even though I'm real happy with them at the moment. Consider all the high rollers who are going to need cash to cover their obligations, who can't sell all their fancy derivatives (which are worthless anyways now). Guess what can be sold?

I would expect some pull back in the near future for commodities, but it will be temporary.

I think one of Ben's mistakes was announcing this on a Tuesday. Some nasty and very public momentum could be generated this week. He should have left this till Friday. Then again, maybe the Fed wants to put some fear into NY then hope things calm down this weekend.

[Bas]

$this->bbcode_second_pass_quote('MOCKBA', 'A')ccording to M3 and M2 statistics, Russia leads the pack with 51% growth this year in its money supply, followed by India 22%, China 20%, Brazil 16%, UK and Australia 14%, Europe 13% and the US 12%