Fed cuts discount rate by 50 basis point.

[Coronita]

Back up to 100. It’s all over the place. Sold my positions and waiting for the next spill to buy back.

[cr]

I agree the cut won’t do much to help the housing crisis, the only real benefit will be for banks and businesses who borrow money to do business.

But the dollar is already the weakest it’s been since, in what, 10 years? 15? Now Helicopter boy drops nearly $100 Billion into a bad market, then cuts rates again.

I thought inflation was the FED’s number one enemy? Now it seems as if their own policies are.

What’s worse is as housing continues to deteriorate, subprime, (that “measly” 1-2% of all mortgages) Alt-A, and even better loans go bad, it’s just going to get uglier.

This country is screwed. I’m moving to Canada, Eh.

[cr]

I agree the cut won’t do much to help the housing crisis, the only real benefit will be for banks and businesses who borrow money to do business.

But the dollar is already the weakest it’s been since, in what, 10 years? 15? Now Helicopter boy drops nearly $100 Billion into a bad market, then cuts rates again.

I thought inflation was the FED’s number one enemy? Now it seems as if their own policies are.

What’s worse is as housing continues to deteriorate, subprime, (that “measly” 1-2% of all mortgages) Alt-A, and even better loans go bad, it’s just going to get uglier.

This country is screwed. I’m moving to Canada, Eh.

[cr]

I agree the cut won’t do much to help the housing crisis, the only real benefit will be for banks and businesses who borrow money to do business.

But the dollar is already the weakest it’s been since, in what, 10 years? 15? Now Helicopter boy drops nearly $100 Billion into a bad market, then cuts rates again.

I thought inflation was the FED’s number one enemy? Now it seems as if their own policies are.

What’s worse is as housing continues to deteriorate, subprime, (that “measly” 1-2% of all mortgages) Alt-A, and even better loans go bad, it’s just going to get uglier.

This country is screwed. I’m moving to Canada, Eh.

[one_muggle]

Hope you’ve brought your passport!

It just dawned on me. THEY have trapped us here by now requiring passports to go to Canada and Mexico, are taking or devaluing all our money, and soon will be giving our wives to famous Hollywood stars like Sylvester Stallone and Bart Simpson.
Hold on, what is that black helicopter doing on my lawn?

-one muggle

[one_muggle]

Hope you’ve brought your passport!

It just dawned on me. THEY have trapped us here by now requiring passports to go to Canada and Mexico, are taking or devaluing all our money, and soon will be giving our wives to famous Hollywood stars like Sylvester Stallone and Bart Simpson.
Hold on, what is that black helicopter doing on my lawn?

-one muggle

[one_muggle]

Hope you’ve brought your passport!

It just dawned on me. THEY have trapped us here by now requiring passports to go to Canada and Mexico, are taking or devaluing all our money, and soon will be giving our wives to famous Hollywood stars like Sylvester Stallone and Bart Simpson.
Hold on, what is that black helicopter doing on my lawn?

-one muggle

[GoUSC]

one_muggle

All bets are off on the market imho. I am going to continue to hold my shorts in financial and the index because I think there is more blood to come over the next month. I will try to get out of them before the FED meets though.

It’s just too volatile to really gain any strong opinions on the market…

[GoUSC]

one_muggle

All bets are off on the market imho. I am going to continue to hold my shorts in financial and the index because I think there is more blood to come over the next month. I will try to get out of them before the FED meets though.

It’s just too volatile to really gain any strong opinions on the market…

[GoUSC]

one_muggle

All bets are off on the market imho. I am going to continue to hold my shorts in financial and the index because I think there is more blood to come over the next month. I will try to get out of them before the FED meets though.

It’s just too volatile to really gain any strong opinions on the market…

[(former)FormerSanDiegan]

The Fed responds to financial crises by providing liquidity.

Also, if we tip into recession the Fed will lower the Fed funds rate.

WHo is surprised ? This is what the Fed does.
If you do not expect these actions you are fooling yourself.

[(former)FormerSanDiegan]

The Fed responds to financial crises by providing liquidity.

Also, if we tip into recession the Fed will lower the Fed funds rate.

WHo is surprised ? This is what the Fed does.
If you do not expect these actions you are fooling yourself.

[(former)FormerSanDiegan]

The Fed responds to financial crises by providing liquidity.

Also, if we tip into recession the Fed will lower the Fed funds rate.

WHo is surprised ? This is what the Fed does.
If you do not expect these actions you are fooling yourself.

[one_muggle]

FSD,

Not surprised they did it, but surprised they did it almost immediately after saying they would only do it in the event of a calamity (Poole I think).
The change of direction was expected, but the magnitude of the delta-V was not.

-one muggle

[one_muggle]

FSD,

Not surprised they did it, but surprised they did it almost immediately after saying they would only do it in the event of a calamity (Poole I think).
The change of direction was expected, but the magnitude of the delta-V was not.

-one muggle

[Author]

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