spierce Wrote: ------------------------------------------------------- > Look at the dollar drop now. > > Bernake effectively went against the main role of > a central bank, currency protection. Now, every > man woman and child in America will feel a huge > sting as real wages decline. All for Wall St… > > Disgusting. Meh. There would be somebody on the other side saying “OMG! THEY DIDN’T CUT IT 50 BPS!!! WALL STREET AND HEDGE FUNDS JUST WANT INNOCENT PEOPLE TO LOSE THEIR HOMES!! WON’T YOU THINK OF THE CHILDREN?”
Eddie Deezen Wrote: – > Time to bring Volcker back. Yup yup yup. Screw this damn world bank report. Bring back Volcker!
KJH Wrote: ------------------------------------------------------- > Forgive this potential stupid question, but > doesn’t the decline in the fed funds rate do more > good than bad at a time like this? From my > understanding the rate drop was to attempt to > stimulate consumer mortgages and help the housing > slump hit a floor. > > There are always adverse externalities with > economics, however isn’t this the greatest good > for the greatest number? np, because it’s a bailout, plain and simple. 25 bps, maybe I can understand. But this is nuts!
zee canadians are invading! zee canadians!
Great Point.
CFA_Halifax Wrote: ------------------------------------------------------- > np, because it’s a bailout, plain and simple. 25 > bps, maybe I can understand. But this is nuts! I agree…“I CALL BULLSH!T…I MEAN BAILOUT!!!”
Some trader on CNBC thanked “the greatest central bank in the world” for doing the right thing… What a joke
Randall, if you start talking more BS like that trader, someday, you may be able to become a talking head on CNBC as well. Telling investors that actually have the volume on all day, exactly what they want to hear.
Randall Wrote: ------------------------------------------------------- > Some trader on CNBC thanked “the greatest central > bank in the world” for doing the right thing… > > What a joke When your bonus hangs on the cut, they are the greatest bank. Do you think some guy getting a 500k bonus gives a rats ass about the dollar tanking, inflation hammering the real workers.
Weren’t the latest inflation numbers something like 1% annualized?
I can almost buy USD at par… hahaha.
Cramer is probably drowning in a puddle of his own (well I won’t say what it is but it is definately a bodily fluid :-P)
inflation is concern for investors, look at how the yield curve steepened. great job ben, making alan’s prediction come true…
spierce Wrote: ------------------------------------------------------- > Randall Wrote: > -------------------------------------------------- > ----- > > Some trader on CNBC thanked “the greatest > central > > bank in the world” for doing the right > thing… > > > > What a joke > > > When your bonus hangs on the cut, they are the > greatest bank. Do you think some guy getting a > 500k bonus gives a rats ass about the dollar > tanking, inflation hammering the real workers. Bingo. The Fed is supposed to worry about the entire macro economy, which yes, does include these Wall Street fatcat types, but also everyone else in the USA. With a 50 bps cut, we all know where their loyalties lie.
kkent Wrote: ------------------------------------------------------- > Weren’t the latest inflation numbers something > like 1% annualized? Yeah, using “their” calculations… You cant reconcile their numbers. Using their own methodology, you actually get very different numbers. Thats all I am going to say. Very upsetting. Maybe I should have dove into the “Leverage your self through the a$$ and have the Fed bail you out” game.
I’ve got to say I’ve lost all respect for Bernanke. Kiss the value of the dollar goodbye, and say hello to Japanese tourists. Just what we need.
What do you expect from the same man who wrote that Japan waiting too long before easing monetary policy. Anyway, it almost seems to me that the fed had to lower the discount window in order to directly impact lenders who are screwed over with the subprime mess/securitized asset mess. But, do you really think that the discount window could be lowered to the same level as the fed funds rate?? I mean, that wouldn’t make much sense. So, the fed kills two birds with one stone - not only does he help the macro mess but he also appeases the financial sector - in particular wallstreet. Not to mention, with recessionary anxieties building, easing the economy before the sh*t hits the fan sometime next year isn’t that bad of an idea. Just my two cents.
volante99 Wrote: ------------------------------------------------------- > say hello to Japanese tourists “Helllllooooo there”
I just dont get it. Granted the market was pricing in, by and large, 25bps and we got 50. So I can understand some of the rally. But the fact that we got 50 is a sign that the economy stinks, right?
this is just a short term momentum, don’t put the blame on Bernanke. Cos there’s no such thing as an “Central Bank Independence”, just a sweet dream…i’d short the index and buy the stocks that i can get some value during the tough times. Cos tough times are coming.