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 : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (6679)	10/16/2007 11:36:37 AM
From: micdundee2	Respond to of 50742

cut.. bennys a puss

To: SliderOnTheBlack who wrote (6679)	10/16/2007 12:01:46 PM
From: Bill on the Hill	Read Replies (1) \| Respond to of 50742

Bernanke cuts. He has no choices left. Helicopter money floats down around us as the presses are put into 5th gear. I still believe 15k and then he takes the chocks out of the market and lets it fall. At that point short China, Europe and everything else under the sun. Buy gold and silver on the next leg down when the cut is made and HOLD on tight. Meanwhile the markets crash or cool worldwide and the dollar is buried in a worldwide televised funeral with a resurrected AMERO or CANMEXCO or AMEXCAN dollar born for the world to marvel at. With BUSH smiling and shakin' the hand of his buds from Mexico and Canada. And we will ALL go on blindly. Watchin' OPRAH and her thousands of shoes, feedin' a couple of hundred Africans dinner as Brad and Jolie hand pick a couple of the kids to adopt. We have become a cynics wet dream...... Life goes on...... Especially if you have the dollars to convert to hard assets like cheese, butter or bread. If not you will just have to go to the corner and beg like the rest. I hope you all bought new microwaves and refrigerators when they were cheap. They are about to go up in price. Along with everything else we EAT, WEAR, DRIVE or FLY...... And to the BABYBOOMERS who have begun to apply for their SS checks. Welcome to RETIREMENT! And the workin' mans retirement home.... Salvation Army.

To: SliderOnTheBlack who wrote (6679)	10/16/2007 12:38:37 PM
From: Kpain	Respond to of 50742

There is no fed meeting in November I believe. So I would EXPECT (I'm wrong a lot!) a fed cut at this meeting (to stave off/limit a recession), especially during the holiday buying season and housing still in crisis. Bernanke is an inflationist and seems to not be shy about cranking up the electronic printing press. Doing "nothing" seems to not be an option with these clowns. Either inflate or deflate. Inflate or die. Heck we have a war to pay for don't we? Paulson: Aggressive action needed for housing crisis 10/16/07 By Martin Crutsinger, AP Economics Writer WASHINGTON — Treasury Secretary Henry Paulson called Tuesday for an aggressive response to deal with an unfolding housing crisis that he said presents a significant risk to the economy. In the administration's most detailed reaction to the steepest housing slump in 16 years, Paulson said that government and the financial industry should provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates. 'SIGNIFICANT DRAG': Crisis makes outlook uncertain, Fed chief says He also called for an overhaul of laws and regulations governing mortgage lending to stop abusive practices that contributed to the current crisis. "Let me be clear, despite strong economic fundamentals, the housing decline is still unfolding and I view it as the most significant current risk to our economy," Paulson said in a speech delivered at Georgetown University's law school. "The longer housing prices remain stagnant or fall, the greater the penalty to our future economic growth." In his most somber assessment of the crisis to date, Paulson said that the housing correction is "not ending as quickly" as it had appeared it would and that "it now looks like it will continue to adversely impact our economy, our capital markets and many homeowners for some time yet." Paulson spoke a day after officials from the nation's three biggest banks announced the creation of a fund with up to $100 billion in resources to buy troubled assets such as mortgage-backed securities. Treasury Department officials participated in the behind-the-scenes discussions that led to creation of the fund, but no government resources have been pledged to the effort. Paulson said that the government must balance the need to help homeowners stay in their homes against the threat that government action can encourage investors to make risky decisions in the future. "We must help as many able homeowners as possible stay in their homes," Paulson said. "Foreclosures are costly and painful for homeowners." But Paulson added: "When investors are relieved of the cost of bad decisions, they are more likely to repeat their mistakes. I have no interest in bailing out lenders or property speculators." Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To: SliderOnTheBlack who wrote (6679)	10/16/2007 12:43:18 PM
From: RonMerks	Respond to of 50742

I think he cuts. His comments reported on CNBC about the housing market 'worsening' since the first cut- says all that needs to be said. Oil will slow the economy and even though it can be inflationary in the long run, I think in the short run, it will slow the economy and give the Fed more cover to cut rates. I think the Fed is probably doing what ever they can behind the scenes to keep the dollars decline slow and managed. A fast further correction in the dollar is their biggest worry. The only thing that will hurt gold and silver stocks in the nearterm is a sharp correction in the DOW. Metal stocks have sold off every time the market has over the last couple of years. But, I think the Fed cuts 1/4 pt and gold and silver immediately pop 10-15% off the news. My 02 cents. Ron

To: SliderOnTheBlack who wrote (6679)	10/16/2007 2:19:13 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 50742

If gold and stocks are strong going into the next Fed meeting they will hold. But if gold and stocks sell off 5% or more another cut is virtually certain IMHO.

To: SliderOnTheBlack who wrote (6679)	10/16/2007 2:23:49 PM
From: nohalo	Respond to of 50742

Hold. He's already pissed off China, Europe and the Saudis. Paulsen and BB are trying hard behind the scenes to 1. Get the banks to ostensibly carry the can, while backstopping them. 2.Reverse the Japanese yen. 3. Get the Saudis to make their best efforts to bring down the Oil Price. The Plunge Protection Team is now at work. Careful with Gold.

To: SliderOnTheBlack who wrote (6679)	10/16/2007 2:49:17 PM
From: carranza2	Respond to of 50742

He holds tight. Inflation is under control. The subprime/credit mess is being worked out through the private banks. He has told them to get their act together, and they've responded. Bernie knows that the medicine must be taken because he is anticipating stern words and threat of action from the foreign central banks should he cut again. A standing pat on interest rates is his way of preempting and showing that he is listening to his foreign counterparts, who are holding a lot of our markers. He's a smart guy. Steps ahead. What do you think, SOTB?

To: SliderOnTheBlack who wrote (6679)	10/16/2007 3:13:53 PM
From: NOW	Respond to of 50742

hold. he needs to look like things are stable now. a raise? no way.

To: SliderOnTheBlack who wrote (6679)	10/16/2007 3:36:23 PM
From: ubetcha	Respond to of 50742

S.O.T.B. I will really go out on a limb here. He will do the right thing and raise rates. That will give the dollar a lift, put gold in a downhill mode, and gain the support of a lot of countries. It is time to gain control. NOW is the time. Boy, did I blow that one! Terry

To: SliderOnTheBlack who wrote (6679)	10/16/2007 4:36:54 PM
From: rich evans	Respond to of 50742

The Fed will hold. The reason is that the NYFED which conducts the openmarket operations is accepting bids at the present FF rate. So no need to cut. Before the last cut, no bank was making bids to sell at the FF rates. They were all much lower in the 4.6-7% range. The fed is following the market. The FF rate market now is at 4.75 or so. Thus no cut. Rich

To: SliderOnTheBlack who wrote (6679)	10/16/2007 8:42:51 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 50742

Next Fed meeting is in two weeks. SPX seems to be forming a double top. If this decline continues, as I expect it will, things will be looking grim in two weeks time. If we are retesting the previous low then, it will be the perfect time for Ben to cut rates and help the market find support. Fun-da-Mental

To: SliderOnTheBlack who wrote (6679)	10/16/2007 11:28:22 PM
From: Fiscally Conservative	Respond to of 50742

They hold. No need to cut. eom

To: SliderOnTheBlack who wrote (6679)	10/16/2007 11:43:45 PM
From: Surfratiam	Respond to of 50742

He holds, if he cuts it shows panick, simple as that. After that first cut he will give it a few months and see what happens. We are headed for a recesion no matter what he does. The ramifications of this housing bubble/credit crunch I believe are only about 1/4 done. Will last through the next year. He needs to save his bullets and not empty the gun early in the battle.