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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (9074)3/16/2008 11:39:50 PM
From: stomper  Read Replies (1) | Respond to of 33421
 
Why are they so myopic that they can't see that, though? It's as if he is playing out his little academic thesis in tunnel vision.



To: ahhaha who wrote (9074)3/16/2008 11:43:38 PM
From: Oblomov  Read Replies (1) | Respond to of 33421
 
I agree, they should be raising, not cutting.

The liquidity problem is in the investment banks, not the commercial banks. And the liquidity crisis at BSC was precipitated by the carry trade starting to unwind on Thursday/Friday. The cashflow from their prime brokerage operations just seized up.