Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (133802)	11/9/2001 9:36:23 PM
From: John	Read Replies (4) \| Respond to of 436258

Then the bears won't have to deal with his nonsense anymore. I wouldn't bet on that. The Wall Street Investment Banks/Brokerage Houses are in full control of this machine. They, and they alone, will decide precisely what happens and when it happens. They are neither bulls nor bears. They are financial gods. John

To: patron_anejo_por_favor who wrote (133802)	11/10/2001 12:09:19 AM
From: PerryA	Respond to of 436258

I predict he'll reach zero on the discount by April, 2002 (Another 50 bp's by the end of the year, 50 in January, 50 in March). In reality, of course, once they get to 50 bp they'll stop mentioning the bp and say they are reducing it by 50%. They could do that at every meeting for as long as they want. Who'll notice? -ng- PerryA

To: patron_anejo_por_favor who wrote (133802)	11/10/2001 1:35:21 AM
From: ild	Read Replies (1) \| Respond to of 436258

When they get to .5 they will start cutting by 10 basis points etc. just like Japs.

To: patron_anejo_por_favor who wrote (133802)	11/10/2001 9:07:19 AM
From: sun-tzu	Respond to of 436258

<It's all he can do. Since politicians won't stand around and allow him and the FOMC to "do nothing", he'll again play the "I have a hammer...every problem is a nail" game. He'll cut till we get to zero, as I predicted in January. I predict he'll reach zero on the discount by April, 2002 (Another 50 bp's by the end of the year, 50 in January, 50 in March). Then the bears won't have to deal with his nonsense anymore. At least it took the Japs more than 2 years to get to that point...another sign that ours (bubble) is bigger, and will end worse.> oh my, you were on a roll last night. i think you're right fwtw.

To: patron_anejo_por_favor who wrote (133802)	11/10/2001 10:10:18 AM
From: RocketMan	Respond to of 436258

I predict he'll reach zero on the discount by April, 2002 Why stop at zero? We can follow the Japanese to negative rates, as they did in 98: Japan's interest rates were already at rock bottom. To revive economic growth the Bank of Japan, the nation's central bank, had lowered the benchmark interest rate to 0.5 percent and the overnight lending rate that banks charge each other to about 0.25 percent. But the economy has failed to respond, in part because banks are so loaded with bad loans that they are reluctant to extend new credit at any rate. What is happening now is a phenomenon rarely seen in credit markets: Below-zero returns are materializing as investors and lenders scramble to find safe places to park their money. At least our economy has responded to cuts, right? The market is the economy, isn't it? washingtonpost.com