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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (86442)9/18/2007 8:59:57 AM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
This is the "Volcker" moment, like in 1980, but instead of Volcker raising rates to double digits, we have Helicopter cutting them.

Paper money is going to 0.



To: westpacific who wrote (86442)9/18/2007 9:41:46 AM
From: russwinter  Read Replies (4) | Respond to of 110194
 
You describe the situation aptly, but fool that I am I think day's FOMC decision is going to come down hard on the Berserkers.

Judging from the temp operations such as today's it's 5.0% Fed funds, but they'll find another way to damage the moral hazard crowd.

ny.frb.org


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