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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Cabo Eddy who wrote (78832)1/21/2008 11:29:39 PM
From: Paul Kern  Respond to of 94695
 
I don't think cuts will help,

A rate cut is a blunt weapon, its' real effect takes a year to 18 months to work it's way through the economy, and the economy isn't that bad.

What we need now is some immediate liquidity -- either a big repo, a big buy, or dropping the discount rate to five basis points above the fed funds rate or some combination of the three.