SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : JDS Uniphase (JDSU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tunica Albuginea who wrote (16840)1/22/2001 8:21:43 PM
From: t2  Read Replies (2) of 24042
 
TA, FED will be easing by 1/2 % to make it easier for California issue billions in bonds.

Given this energy crisis, i would expect a friendly FED to cut rates by 50 basis points whether the economy needs it or not (it obviously does need it).

They will do whatever it takes to make borrowing for CA easier to stop the crisis from getting worse. They cut rates due to the Long Term Capital mess; now they are forced to bail out California---anything less that 50 seems out of the question as it won't be well received. Greenspans knows that too.

It just seems so obvious, given the latest California developments we have been reading about. Without the energy crisis, there may have been some chance of 25 basis points.
IMHO, now 50 bp is a done deal no matter what the "experts" say from now until the FED meeting.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News