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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Little Joe who wrote (83878)8/28/2008 8:43:57 AM
From: Keith Feral  Read Replies (1) of 116555
 
Money dropping from the helicopters? I thought Mish had an interesting point that MP3 growth had come to a screeching halt in July - 18% down to 3%. FNM and FRE have cut back their massive mortgage repurchases too. CDO prices are firming this week. GDP numbers looked OK, unemployment is rising, but not too bad of a problem.

Hell, I would be so bold as to suggest that the FED bump up interest rates just to reinforce the dollar, and get a little tougher on inflation. The sooner he acts at this point, the less he has to do down the road. I'd rather give back 1 or 2 cuts now that have to watch a longer series of cuts hikes down the road when housing has recovered.
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