The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TH who wrote (100247)	12/15/2008 10:42:45 AM
From: Don Earl	Read Replies (1) of 110194

The USD has been dropping like a fat rock, I'm assuming in anticipation of a deep cut in rates. As close as I can tell, an unholy amount of dollars have been printed up and passed around in currency swaps intended to support the USD. I almost wonder if the Fed might leave rates unchanged until at least the next meeting to slow the decline? There's a lot of pressure for the half point cut. I doubt it will be more than that. I think arguments could be made for leaving it unchanged or going with the quarter point you suggest.

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