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Politics : Welcome to Slider's Dugout
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From: RonMerks11/19/2007 11:12:09 AM
   of 50579
 
Goldman issues "SELL" on CitiBank.

Talk about the pot calling the kettle- black.

I wonder if Citi will now issue a 'sell' on Goldman?

Is anyone else sensing that the Fed is trying too hard to sell us on their new focus on headline inflation and that we should not expect another rate cut in December? I wonder if they just flood the system with liquidity and cut the discount rate in December, but hold on the Fed Funds rate?

I'd bet there are 2, if not 3 more rate cuts before the end of spring. It's an election year and if everyone remembers- Bernanke spent time with Bush in the White House before being appointed Fed Chairman. More cuts are coming in my opinion, because after all- 'it's the economy stupid!'

Ron
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