Fancypants Posted January 23, 2008 Share Posted January 23, 2008 Looks like the IR medicine is wearing off pretty darn quickly! Quote Link to comment Share on other sites More sharing options...
sambino Posted January 23, 2008 Share Posted January 23, 2008 ANother 3/4 Points cut next week then ? Quote Link to comment Share on other sites More sharing options...
fofp Posted January 23, 2008 Share Posted January 23, 2008 Looks like the IR medicine is wearing off pretty darn quickly! It's beginning to percolate people's thinking that a recession was already written in and that the 750 basis points cut and the raining down of 800 Dollars cheques is about trying to stop a US depression. I've said for years that Greenspan would go down in history as the man who saved a recession at the cost of a depression. Now that gets put to the test... Quote Link to comment Share on other sites More sharing options...
Bug16 Posted January 23, 2008 Share Posted January 23, 2008 Looks like the IR medicine is wearing off pretty darn quickly! The dead cat has finished bouncing. Quote Link to comment Share on other sites More sharing options...
jp1 Posted January 23, 2008 Share Posted January 23, 2008 The markets are going to skweam, and skweam and skweam until they get their way and IRs are 1% Quote Link to comment Share on other sites More sharing options...
Scunnered Posted January 23, 2008 Share Posted January 23, 2008 (edited) Looks like the IR medicine is wearing off pretty darn quickly! They should try putting the rate back up by a percent or so tomorrow, just to see what happens. Edited January 23, 2008 by Scunnered Quote Link to comment Share on other sites More sharing options...
The Spaniard Posted January 23, 2008 Share Posted January 23, 2008 The markets are going to skweam, and skweam and skweam until they get their way and IRs are 1% And they can, you know. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted January 23, 2008 Share Posted January 23, 2008 It's beginning to percolate people's thinking that a recession was already written in and that the 750 basis points cut and the raining down of 800 Dollars cheques is about trying to stop a US depression.I've said for years that Greenspan would go down in history as the man who saved a recession at the cost of a depression. Now that gets put to the test... I remember reading some posts on one of the newsgroups by a poster called fofp. If it is you I think you are right now and think you were right then. Quote Link to comment Share on other sites More sharing options...
Dr House Posted January 23, 2008 Share Posted January 23, 2008 Is it just possible that if the BoE and the ECB fail to be sucked into the slash and burn madness of cuts, the US will find itself in a position which they did not calculate on - ie not cutting down to 1% after all, as the dollar would be in cinders, and so preventing the markets from having their way as a result of asymmetrical responses from rest of world's CBs?? Just a thought. Quote Link to comment Share on other sites More sharing options...
fofp Posted January 23, 2008 Share Posted January 23, 2008 I remember reading some posts on one of the newsgroups by a poster called fofp. If it is you I think you are right now and think you were right then. Oh yeah. Friends of Fernando Poo : arguing in newsgroups since 1987 ;-) Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted January 23, 2008 Share Posted January 23, 2008 The markets are going to skweam, and skweam and skweam until they get their way and IRs are 1% 1% ???? Ludicrous! Money should be loaned at 0%! Then all our economic problems would be solved and we can live in permanently booming.vibrant economy. Why on earth hasn't anyone thought of this before Quote Link to comment Share on other sites More sharing options...
jp1 Posted January 23, 2008 Share Posted January 23, 2008 And they can, you know. Surely a sell-off is in the markets best interest if all they want is rate cuts. With spread bets and other complex hedges, the traders make money whether they are going up or down, so they might as well sell off to get their own way Quote Link to comment Share on other sites More sharing options...
greenalien Posted January 23, 2008 Share Posted January 23, 2008 Money should be loaned at 0% This is the main principle behind Islamic banking, which prohibits usury (lending at interest). Quote Link to comment Share on other sites More sharing options...
Timm Posted January 23, 2008 Share Posted January 23, 2008 Oh yeah. Friends of Fernando Poo : arguing in newsgroups since 1987 ;-) How discordant of you. Quote Link to comment Share on other sites More sharing options...
nmarks Posted January 23, 2008 Share Posted January 23, 2008 ANother 3/4 Points cut next week then ? If they did that every week by the end of Feb the Fed would be paying people to borrow. Quote Link to comment Share on other sites More sharing options...
THE BALD MAN Posted January 23, 2008 Share Posted January 23, 2008 If they did that every week by the end of Feb the Fed would be paying people to borrow. This means all us savers have to pay for the privelege of safe guarding our money which will be worthless anyway because of inflation. Quote Link to comment Share on other sites More sharing options...
Charliemouse Posted January 23, 2008 Share Posted January 23, 2008 (edited) This is the main principle behind Islamic banking, which prohibits usury (lending at interest). A loan from a bank like that could still cost you an arm and a leg. Edited; too scary Edited January 23, 2008 by charliemouse Quote Link to comment Share on other sites More sharing options...
Chicken Posted January 23, 2008 Share Posted January 23, 2008 It's beginning to percolate people's thinking that a recession was already written in and that the 750 basis points cut and the raining down of 800 Dollars cheques is about trying to stop a US depression.I've said for years that Greenspan would go down in history as the man who saved a recession at the cost of a depression. Now that gets put to the test... I don't know about the US but a 750 basis point cut would make me a lot less depressed! Quote Link to comment Share on other sites More sharing options...
bleakhouse Posted January 23, 2008 Share Posted January 23, 2008 Dow is slipping a bit more down over 300 now, but it is boring being a gradual decline like an oap going senile Quote Link to comment Share on other sites More sharing options...
Fancypants Posted January 23, 2008 Author Share Posted January 23, 2008 Rallying. Recession cancelled. Quote Link to comment Share on other sites More sharing options...
Confounded Posted January 23, 2008 Share Posted January 23, 2008 Dow is slipping a bit more down over 300 now, but it is boring being a gradual decline like an oap going senile I posted this on another thread but they moved the market even further than when I posted it. That was until the biggest assault I have seen on the DOW, I think the Phrase is Shit or bust refers to this one! Quote Link to comment Share on other sites More sharing options...
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