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

To: andiron who wrote (88146)	10/30/2007 7:29:03 AM
From: Real Man	Read Replies (1) \| Respond to of 110194

You got that right. There is no need of the Fed meeting, or the Fed. We'd be much better off without this corrupt institution. That said, Fed funds futures are predicting at least a 25 bp. cut. I tend to agree, the biggest surprise I see is if they don't cut, yet given the actions of Bernanke Fed so far, 50 bp. won't surprise me at all. The dollar may see a bounce on no cut. Nothing drastic though, as that bounce will get sold quickly. If they cut more than 25, say hello to the run on the dollar. We are likely to see that soon regardless of their actions, as their credibility got flushed down the toilet with the 50 bp. surprise cut in September. The World has seen what they are about, and is now selling all USD assets. They are happy to sell the treasuries as well at these artificially maintained high prices. Back to GS and JPM they go.