just in in-tray
QUOTE
M wrote:
Oh, if only the Fed cuts another 75 basis points next week, then everything will be better.
Borrowers will start borrowing in droves, looking to expand production capacity.
Banks will feel flush with capital, ready to aggressively lend to whomever walks through the door.....
B.S. - Rate cuts are now pushing on a string, and anyone who believes otherwise isn't paying attention.
Basically, further rate cuts hurts the banks, hurts savers, and hurts US consumers.....
But the FED is doing nothing but copying the Japanese playbook of 1990. Zero rates didn't do much for the Japanese economy for the past 15 years....
Lower rates at this point makes things worse.
Should we write a joint editorial to the WSJ or the FT?
I think such an editorial would be both useful and provocative....
J wrote:
you do the template, with facts, and i will add the drama, quoting from the bible liberally
worst comes to worst, we blog it we can at least entertain ourselves :0)
i fear the machinery is the machinery, can only operate one way, that is why history is history repeated, and we can scream 'fire' until we are hoarse, to no avail, until all broken, and only the bankers to be hung from high
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