[evilgenius]

What are the chances that this had to be done because there wasn't enough liquidity in the system to set up the various bankruptcies that need to happen in order to pass on the bad debts from the capitalists to the upper middle-class? Wall Street is bound to take this as the beginning of a trend.

[roccman]

They cut and the 10 year yield went up!!!

Looks like the opposite effect of what was intended.

The is going to end so very badly/

Got gold?

[mattduke]

$this->bbcode_second_pass_quote('roccman', 'T')hey cut and the 10 year yield went up!!!

Looks like the opposite effect of what was intended.

Got gold?

[FoxV]

$this->bbcode_second_pass_quote('roccman', 'T')hey cut and the 10 year yield went up!!!

[MOCKBA]

$this->bbcode_second_pass_quote('FoxV', 'P')ersonally I'm surprised at how ball-less Ben demonstrated himself to be. A decent Fed would have only gone 0.25%. A good Fed would have done nothing. A great Fed have acted the first day in office.

[dissident]

Blowhard MOCKBA can't lose an opportunity to spread some hate. Russia's monetization is at about 25%, while in western countries it is over 50%. This is the reason why Russia's inflation has been at around 10% even though the money supply has been growing by over 40% every year. Russia's economy is still in a transition state with various structural adjustments that have many more years left to equilibrate. Increasing the money supply by 40% in the USA annually would drive the inflation rate to something comparable.

[darren]

$this->bbcode_second_pass_quote('strider3700', ' ') At this rate I expect by christmas gold at $750 oil at $85 and the canadian dollar on par to the US dollar.

[darren]

$this->bbcode_second_pass_quote('MOCKBA', ' ')Canada is the next to cut, or is it UK? The question is would the rest do 0.5% or would drag with twice a quarter.

[strider3700]

$this->bbcode_second_pass_quote('darren', '
')
Huh? Canada isn't cutting, pal. We're hiking, before December. Our housing sector isn't going into the toilet like the US, and we actually are adding jobs, not shedding them.

[nth]

$this->bbcode_second_pass_quote('darren', '
')
Huh? Canada isn't cutting, pal. We're hiking, before December. Our housing sector isn't going into the toilet like the US, and we actually are adding jobs, not shedding them.

[strider3700]

$this->bbcode_second_pass_quote('nth', '
')Canada held rates in Sept, but raised them in July.
Canada is having major inflation problems boosted by strong commodities. Commodity prices will increase due to US rate decrease. Canada is experiencing same liquidity issues as US due to large investments in US paper.

official press releases

[MOCKBA]

$this->bbcode_second_pass_quote('strider3700', '')$this->bbcode_second_pass_quote('nth', '
')Canada held rates in Sept, but raised them in July.
Canada is having major inflation problems boosted by strong commodities. Commodity prices will increase due to US rate decrease. Canada is experiencing same liquidity issues as US due to large investments in US paper.

official press releases

[frankthetank]

So this doesn't help the housing industry and hurts the dollar? I don't get this shit anymore. I've pretty much given up trying to understand the motives of these monsters, most of us are f##### anyways.


Note to Canadians, I can be to the border in less then 4 hrs Hopefully Chicago and Minneapolis don't have the same idea.

[RdSnt]

A truly loving picture, provided of course you weren't from there,

http://www.financialsense.com/Market/wrapup.htm

Take a look at near the bottom of the article at the collapse of the Argentine peso. This isn't nosebleed rates, this is the bends.

[seldom_seen]

My economic doomometer hit gold, then bags of rice, and finally ammo before it just popped and I have glass all over the floor now.

[truecougarblue]

The fed is pushing on a string. The only reason they made this move was to provide themselves with "plausible deniablity".

There is nothing they can do at this point to re-inflate the global credit bubble. The nipponese dropped their rate to 0% in the early 90s and still couldn't pull out of credit induced deflation. This bubble makes that one look like hopscotch in the park.

This rally in the market will last maybe a week, maybe two, and then all bets are off.

My only remaining question is whether this will cause sufficient demand destruction to stave off PO a few more years.

[Heineken]

What I don't understand is why the 0.50% cut is being taken as a surprise.

It was obvious this was going to happen.

The US economy is housing-centric. Housing must be protected at ANY AND ALL COSTS, especially now that it's so fantastically leveraged.

[Tyler_JC]

$this->bbcode_second_pass_quote('Heineken', 'W')hat I don't understand is why the 0.50% cut is being taken as a surprise.

It was obvious this was going to happen.

The US economy is housing-centric. Housing must be protected at ANY AND ALL COSTS, especially now that it's so fantastically leveraged.

[Heineken]

Those are extremely interesting graphs side-by-side, Tyler. Thanks for posting them.

I agree that there is potential that the system will not be able to take the shock, this time.

[FoxV]

$this->bbcode_second_pass_quote('nth', 'C')anada held rates in Sept, but raised them in July.