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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (1402)10/10/2007 7:52:02 PM
From: saveslivesbyday  Read Replies (2) of 71409
 
Re: October rate cut?

The brokerage stocks are in a position close to where the HB's were 2 years ago.

They are precariously balancing the message of "it's really not as bad as we thought" to prop up earnings, with "they better keep cutting or we'll have a disaster.

How the f--k can BB cut rates when the markets are at new highs, (up 10-14% for the year because credit markets are "stabilizing"), dollar is plunging, "inflation under control" mantra wearing thin to everyone with half a brain, and "expert economists" assure us there won't be a recession.

Unless they're ...... wrong?
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