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Bloomberg:Fed to cut 100bp
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Bloomberg:Fed to cut 100bp
by roccman » Mon 10 Mar 2008, 00:00:37
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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Re: Bloomberg:Fed to cut 100bp
by emersonbiggins » Mon 10 Mar 2008, 00:09:14
What's this? US$ to take another tumble?
"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin
George Carlin
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Re: Bloomberg:Fed to cut 100bp
by DantesPeak » Mon 10 Mar 2008, 00:13:27
$this->bbcode_second_pass_quote('roccman', '[')url=http://www.bloomberg.com/apps/news?pid=20601087&sid=ae0IGuEKi9d4&refer=home]$115 oil?[/url]
That's still only the markets guess.
The new $100 billion bailout of Fannie/Freddie securities started on Friday signifies the direction the Fed will now take. Interest rates could get down to 2%, but that's already pushing it while inflation is officially at 4.3%.
Most likely the next surprise by the Fed is how many mortgage securities they will buy, and it will be a huge amount when Countrywide goes bankrupt.
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Re: Bloomberg:Fed to cut 100bp
by roccman » Mon 10 Mar 2008, 00:15:09
$this->bbcode_second_pass_quote('emersonbiggins', 'W')hat's this? US$ to take another tumble?
I am going to steal a line from Prarie Mule and morph to the dollar (his orig comment was regarding CFC and current investigations)...
"just when you thought the dollar had no more teeth to spit on the mat..."
BTW nice head bounces on the way down the stairs,
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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Re: Bloomberg:Fed to cut 100bp
by emersonbiggins » Mon 10 Mar 2008, 00:16:53
I can't take credit for that GIF - it just felt right for this thread.
"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin
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Re: Bloomberg:Fed to cut 100bp
by Gandalf_the_White » Mon 10 Mar 2008, 02:08:23
I just told a very good friend of mine that oil would touch $110 this week. The Fed really has no place to go, drop rates to try to buoy the economy and then get slammed from the other side by higher oil and gas prices which would necessitate lowering interest rates. The other part of this big bail-out is that someone is going to get a free ride. Why should'nt they just forgive all the student loan debt so these college kids can start spending the money they wroked so hard to make? And does it really matter to the Fed, as long as the system keeps limping along they make their interest off the money the 'lend' to the American people [Where have you gone Joe Dimaggio.] Where's JFK when you need him?
The only question that remains is will the rate of depletion be kind enough to leave Bernanke any basis points at all. Or is the big bully spectre of oil depletion going to tell him to take his basis points and go home? Interest rates at 2% and inflation at 4%, Amstel is not going to think that makes good financial sense at all for a business masquerading as a government agency. This thing is going to implode this year. We are at ~3.20 per gallon for gas hear now and expecting another twenty or thirty cents in the next month. Summer peak demand will be curtailed and the official recession numbers will start rolling. CPI is going to accelarate upward while consumer confidence takes the last log down the porcelain express. The Presidential campaign is going to be about one thing, the economy.
The only question that remains is will the rate of depletion be kind enough to leave Bernanke any basis points at all. Or is the big bully spectre of oil depletion going to tell him to take his basis points and go home? Interest rates at 2% and inflation at 4%, Amstel is not going to think that makes good financial sense at all for a business masquerading as a government agency. This thing is going to implode this year. We are at ~3.20 per gallon for gas hear now and expecting another twenty or thirty cents in the next month. Summer peak demand will be curtailed and the official recession numbers will start rolling. CPI is going to accelarate upward while consumer confidence takes the last log down the porcelain express. The Presidential campaign is going to be about one thing, the economy.
I return to you now at the turning of the tide.
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Re: Bloomberg:Fed to cut 100bp
by threadbear » Mon 10 Mar 2008, 03:34:42
$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('roccman', '[')url=http://www.bloomberg.com/apps/news?pid=20601087&sid=ae0IGuEKi9d4&refer=home]$115 oil?[/url]
That's still only the markets guess.
The new $100 billion bailout of Fannie/Freddie securities started on Friday signifies the direction the Fed will now take. Interest rates could get down to 2%, but that's already pushing it while inflation is officially at 4.3%.
Most likely the next surprise by the Fed is how many mortgage securities they will buy, and it will be a huge amount when Countrywide goes bankrupt.
That's a pretty good guess. Is there any reason oil wouldn't go up in price?
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