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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%4:00 PM EST

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To: TobagoJack who wrote (21736)8/29/2007 5:22:57 AM
From: energyplay  Read Replies (2) of 217869
 
Fearing the FED - The FED and other bankers, central and otherwise, are having their annual semi-secret meeting in Jackson Hole, WYoming this week. Cowboy hats, Karaoke, Cocktails and Conspiracy ?

Having all the people in the same place makes it easy to plan to do something.

Having all the people in the same place may make it hard NOT to do something, needed or not.

If I were Ben, I would plan for Wednesday morning announcement, to let everybody get back from the weekend and US markets would have worked off any effects of the 3 day week end. You could make a case for a Thursday or Friday announcement too.

I would drop the discount rate by 0.5, and the Fed Funds rate 0.25. Signalling that money is available - from your bank.

Not 100% bail outs, but enough to keep things functioning, like commercial paper.

Not moving the Fed funds rate helps preserve the USD. Other central bankers will be buying US Dollars to stop any run on USD, at least for a few weeks.
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