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Politics : Welcome to Slider's Dugout

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To: SargeK who wrote (2509)	10/2/2006 8:12:53 AM
From: SargeK	of 50758

Slider: >>>SOTB <<<1. What "one thing" would make the Investment Banks more money than any other economic event, or act (dwarfing what they've made both long and short in commodities)? 2. What needs to happen to the economy, to the financial markets and in the geopolitical picture -- for that to happen?>>> SargeK: >>>The one thing that comes to mind is for the FOMC to unexpectedly LOWER the Fed Funds Rate 100 basis points at their next meeting with signals for further decreases. With current prime at 8.25% and forecast to 8.5% a sudden reversal of fed actions/intentions would shock the markets.Two of the prime indicators of a recession next year (inverted yield curve and weakness in the housing and refi markets) would be immediately effected and may prolong the inevitable for a couple of more years. <<< siliconinvestor.com dumpyork49s: >>>I think the FED will lower rates so people can re-fi one mo' time!!<<< Thanks for excellent link that summarizes the forces behind the housing bubble, why it is correcting and WHAT the fed may do about. It appears we may have come full circle since Slider posed the question. >VBG< Good luck to all and thanks to the 8 members who recommended my post #2509 SargeK

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