Maybe I shouldn't be, but I am shocked that the Fed went fifty on the Fed Funds rate.Hopefully the tree is a metaphor for interest rates and not the economy (stagflation).
Wow, that one really caught me with my mouth open.
Wikinvest Wire
Tuesday, September 18, 2007
Shocking!
Maybe I shouldn't be, but I am shocked that the Fed went fifty on the Fed Funds rate.Hopefully the tree is a metaphor for interest rates and not the economy (stagflation).
Wow, that one really caught me with my mouth open.
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I'm hoping that you're referring to the falling tree as a metaphor and not the fact that it looks like the tree is rotten and soft on the inside. Heh.
Too bad about interest rates. Sigh.
I'm still staring at my quotes in awe. I got out of some speculative plays today at a nice profit, but now I get to be nervous about my longer term holdings again :)
The Fed seems to be making a deliberate attempt to be less predictable than in the past.
Maybe a subtle way of dealing with Moral Hazard, excess leveraging etc.
OG
I wonder what Wall Street will do, when they're done jumping for joy that is, when they find out that now even the Fed believes that we're headed for a recession?
"Woopeeee! Woopeee! Hey, wait a minute..." What a collection of emotion filled morons.
I am beginning to think that either I need to be invested in commodities or if I want to own equities they need to be ALL foreign equities.
Some place where helicopter Ben can not destroy the value of the currency.
booyah guys, my retirement portfolio climbed 8% thanks to Heli-copter Benny.
After all Ben has said about managing inflation expectations he does this. Well, he reset my inflation expectations right back to the '70s.
Now I have to root through that dusty box of bell bottoms, tie dye, and stuff to find my notes on how to invest in that kind of inflationary environment.
Hey! I found the ABBA albums! What the heck do you play these on?
Fred
This guy was shocked as well:
http://tinyurl.com/yw2lnf
WOW! A possible recession in our future and no free speech in our universities. What's next?
I suppose all the Asian markets will rally tomorrow too. This whole thing is like a casino. It's impossible to invest logically anymore.
tomorrow started an hour and forty minutes ago. up huge
There are/have been many, many people saying for a year that rates were too high. Look at the "inverted curve" we went through. Why do ya think the big boys, the really big boys were willing to buy up 10-20 year paper with short rates at 5%?
Just because you heard all over CNN and CNBC, and other blogs, that rates have to stay put or even go up....does not mean much. "They" were saying these things with an inverted curve. Duh.
Ok, so the dollar goes down. That will help an awful lot of people, companies. As long as then don't print any more money, I'm ok with it.
Imo, it's when they print currency that the gold thing works.
g
I didn't know what the market did today until I saw the DJIA quote on a sign outside a brokerage office on my way home from work. I thought my eye sight had really taken a turn for the worse. And then I said to myself "cool!"
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