crash2006 Posted September 18, 2007 Share Posted September 18, 2007 The FED if they cut the rates or no cut would nt make a difference, western economy is now based on house prices, the shocks of the mortgage industry will make it harder to get a mortgage, how ever a very important point is no one wants to buy debt anymore investors have gone and banks are holding onto it, hoping that some fool will buy them. If the fed drop rates the dollar would fall. World governments have based their economies on house prices to fuel the economic expansion by labeling debt as good, push borrowing to its limits, how ever. Now if they lower rates mortgages become hard to get, banks would limit their investment/lending to fuel investment at the same time reduce the default rate on loans while most people will now be thinking of paying back their mortgage asap reducing the high street spending meaning retail outlets would either have to increase prices to cover their own borrowing or reduce prices to get more punters to buy to help them with there borrowing. We'll see a run on paying back debt which would mean less spending. Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted September 18, 2007 Share Posted September 18, 2007 Yeh But I need to buy £20,000 of US dollars by end of this week(want to get 2 to 1) Bought some 3 weeks ago at just under $2. I need to see a cut. Quote Link to comment Share on other sites More sharing options...
FTBagain Posted September 18, 2007 Share Posted September 18, 2007 What time do they publish their rate decision. I would not be surprised if they do not cut. After Paulson was in talking Brown and Darling. I do not usually go in for conspiracy theories, but a bit of Anglo Saxon cooperation and cordination is not without precedent. Quote Link to comment Share on other sites More sharing options...
crash2006 Posted September 18, 2007 Author Share Posted September 18, 2007 What time do they publish their rate decision.I would not be surprised if they do not cut. After Paulson was in talking Brown and Darling. I do not usually go in for conspiracy theories, but a bit of Anglo Saxon cooperation and cordination is not without precedent. about 20 mins Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted September 18, 2007 Share Posted September 18, 2007 Looking at the daily chart, I would almost be tempted to go out on a limb and say the Dow is about to tank. On that basis I would say they are going to hold, or at worst cut by .25% which I think would also cause a sell-off as it would appear very half-hearted and already priced in. Quote Link to comment Share on other sites More sharing options...
FTBagain Posted September 18, 2007 Share Posted September 18, 2007 Looking at the daily chart, I would almost be tempted to go out on a limb and say the Dow is about to tank. On that basis I would say they are going to hold, or at worst cut by .25% which I think would also cause a sell-off as it would appear very half-hearted and already priced in. The appears to be in a gentle decline. Was that rise on thin volumes? Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted September 18, 2007 Share Posted September 18, 2007 The appears to be in a gentle decline. Was that rise on thin volumes? reasonable volume but just broken the downtrend - .25% cut? - i voted hold in the poll btw Quote Link to comment Share on other sites More sharing options...
contractor Posted September 18, 2007 Share Posted September 18, 2007 .5 cut. Bernanke crapped himself and caved. oh well Quote Link to comment Share on other sites More sharing options...
Jason Posted September 18, 2007 Share Posted September 18, 2007 .50% cut Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted September 18, 2007 Share Posted September 18, 2007 .5 cut. Bernanke crapped himself and caved.oh well gutless w**ker. So they do exactly the same as what caused their issues in the first place. Quote Link to comment Share on other sites More sharing options...
ca-uk Posted September 18, 2007 Share Posted September 18, 2007 what a joke Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 18, 2007 Share Posted September 18, 2007 Aye. What's gold doing? Quote Link to comment Share on other sites More sharing options...
marzipan Posted September 18, 2007 Share Posted September 18, 2007 just announced on Channel 4 news, more soon... Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 18, 2007 Share Posted September 18, 2007 Aye. What's gold doing? What's the dollar doing ? Quote Link to comment Share on other sites More sharing options...
Guest Posted September 18, 2007 Share Posted September 18, 2007 (edited) Link? Okay I found it http://news.bbc.co.uk/1/hi/business/6999821.stm Edited September 18, 2007 by megaflop Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted September 18, 2007 Share Posted September 18, 2007 What's the dollar doing ? Everything is flying up. Oh, except the dollar, of course...... Quote Link to comment Share on other sites More sharing options...
Kuma Posted September 18, 2007 Share Posted September 18, 2007 did yahoo finance just go down? Quote Link to comment Share on other sites More sharing options...
contractor Posted September 18, 2007 Share Posted September 18, 2007 Link? CNBC@my.house Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted September 18, 2007 Share Posted September 18, 2007 Oil price? Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted September 18, 2007 Share Posted September 18, 2007 (edited) Oil price? $81 edited - $82..... oh dear.....is the dollar toast now..... hyper-inflation it is then cgnao. Edited September 18, 2007 by grumpy-old-man Quote Link to comment Share on other sites More sharing options...
thedebtisreal Posted September 18, 2007 Share Posted September 18, 2007 Thanks for bailing out my sterling holdings Bernanke. You're the best! Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 18, 2007 Share Posted September 18, 2007 (edited) Gold going vertical on BV. Kitco doesn't show anything yet. EDIT: Kitco turning upwards now... Edited September 18, 2007 by Goldfinger Quote Link to comment Share on other sites More sharing options...
contractor Posted September 18, 2007 Share Posted September 18, 2007 Everything is flying up.Oh, except the dollar, of course...... http://finance.google.com/finance?q=INDEXDJX%3A.DJI realtime big big bump. Still, at least my Xmas shopping in NY will be cheeeeeeeep Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted September 18, 2007 Share Posted September 18, 2007 What's the pound to dollar at the moment? Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 18, 2007 Share Posted September 18, 2007 http://finance.google.com/finance?q=INDEXDJX%3A.DJI realtime big big bump. Still, at least my Xmas shopping in NY will be cheeeeeeeep Conditional Merv does not cut and there won't be a HPC and more bailouts. Quote Link to comment Share on other sites More sharing options...
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