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

To: Real Man who wrote (81314)	10/4/2008 5:35:33 PM
From: Paul Kern	Read Replies (1) \| Respond to of 94695

. We'll see. I expect a big rate cut and a coordinated CB injection of hundreds of billions in liquidity, but it's hard to tell if this is gonna work. Why would banks lend to each other at 1.5% if they wouldn't lend to each other at 2%? They will lend to each other at at LIBOR. The FF rate has become meaningless.