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.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (8873)	11/6/2002 2:36:15 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

Fed cuts by 50 bpts, showing total fear watching Wayne Angell on CNBC, he is a total idiot he said... "the Fed has a great deal of ammunition left" oh really, now at 1.25% on FedFunds, how is that? "monetary policy always works" oh really, as in creating a bubble, then busting it? and now seeing an economy slipping into recession after 11 cuts? "the market wants real money, and that is what the Fed is all about" oh really, you mean the unbacked dollar and a federal debt of $6.2 trillion? and "the Fed needs to see the TENS yield down so low that people shun the bonds in favor of taking risks" right except now the growth is not there for lower rates to succeed economic stupidity will carry with it a heavy price the Dow was even at the announcement it went slowly up to +60 now at -80 I will be watching the dollar, which now is a full 2% below the German shorterm rate I expect the USdollar to slip until it breaks below 105 / jim