Friday, August 17, 2007

Emergency cut in the Fed’s discount rates

Fed cuts the discount rate by 0.5% to 5.75%

"The US Federal reserve today cut the rate at which banks lend to each after it said the credit crunch posed a threat to growth" What's that noise I hear? Is it sirens and klaxons and "ABANDON SHIP!"?

Posted by jeremiah @ 01:37 PM (512 views)
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2 thoughts on “Emergency cut in the Fed’s discount rates

  • Now.

    What we will see is the last myth exposed; the power of the Federal Reserve over a broken banking system. 99% of the Feds real power is Psy Ops. You might say this is all important – but once it folds under a stronger Psy Op: reality then it will go bang with a sound you will hear from Sydney to San Francisco (..east to west)

    Watch the FEDs suprise as the market starts to sell into them. Remember the contraint; the bold assumption that the US Dollar will not come under massive pressure as its value is diluted.

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  • Prediction: BoE to cut IR next time round.

    Lots of fudged excuses will be offered at the time. This will put off the HP downward correction for a couple of months.

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