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      The market talks to the Fed

      Posted by SoxFirst

      The Fed's one-two punch, cutting rates by half a percentage point, will not do the trick. The aim of the Fed is make it easier for business with better credit and cheaper money. But it’s not going to work., the US is heading into recession.

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    • Fed moves to halt market meltdown

      Posted by Sandyenglish

      If a week is a long time in politics, then two days in the financial markets can be even longer. Last Wednesday, William Poole, president of the St Louis Federal Reserve Bank, told Bloomberg TV that the subprime mortgage rout did not threaten US economic growth and that only a “calamity” would justify an interest rate cut.

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    okami comments on:

    It's No Joke: Fed Hires Failed Bank Executive

     hey. . .they gave the highest civilian medal to officials who failed us on 911. . . whaddaya expect, anyway?

     

    if we’re lucky, maybe he’ll be a ‘reverse’ indicator. . .whatever he says, they’ll do the opposite. . .

    Reply »

    8:13 pm 11/04/08
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    okami

    Member since Dec 2008

    former US Marine, retired police. . .nothing of interest. . .

    Commerce


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