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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: steve dietrich who wrote (239602)	8/17/2007 11:05:45 AM
From: michael97123	Respond to of 281500

There is another 1/2 point in discount rate as well as a half to 3/4 in target rate if that becomes necessary. If nothing else the options are on the table now. Prior to today and taking into account last weeks inflation bias fed meeting, the fed was not in the real world. Now they firmly are and thats why we can stabilize. BTW, anyone see kramer on cnbc saying now the markets will go straight to 14,500. The mans a menace and should not be allowed on the tube. Despite the success of some of his calls, his overall influence on investors is disastrous. He is bipolar and manic/depressive not exactly whats needed on the air to guide joe 6pack