[Prince]

It's highly expected that the Federal Reserve will cut interest rates again. Their premise is that they want to keep the economy rolling. However, published today was 3Q growth data that said the GDP grew 3.9%--highest in 18 months. Personally, I think this number is bullshit, and perhaps they know this too. However, assuming it is correct and also assuming recent data that shows mild inflation (also bullshit in my opinion) is correct, then why on Earth would the Fed cut rates? Some are even saying as much as a .5% drop.

The dollar is already taken another hit on this expectation (record lows against Euro, CA$ yet again). Oil prices are creeping up again after yesterday's sell-off. Gold prices are pushing $800. Yet, the Dow is still near its record high and the market is surprisingly still afloat.

If this economy is growing so well, then why is the Fed so concerned about rates? Perhaps they know as do most of us that the growth numbers are pure BS? I can't really say.

[FoxV]

Because it has nothing to do with the economy, employment, or foreclosure rates and everything to do with this

[web]http://www.markit.com/information/products/abx.html[/web]

And just think That's the stuff that is currently rated between AAA and B. Just imagine what the stuff that was AAA and has been downgraded to C is worth.

Good thing a lot of people went out and bought vacations and new Escalades instead of contributing to their pension plans. At least then they can say they got something for their money