Bernanke Target Rate-a-thon

[SHELLY]

Another target rate announcement March 18...it's going to be interesting.

There's lots of talk for 'at least' .50 and 'maybe (or needs to be)' 1.00.

I thought he'd thread the needle at .75, but with the latest round of financial gymnastics, I'm thinking he'll make a ballsy call of .50 to try to keep a lid on inflation and signal to the markets that "he's got it under control"
<pay no attention to the copious beads of sweat glistening on his glabrescent pate>

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[elgordoboy]

I read a quote by a "former" someone saying Bernanke was playing Whac-a-mole...seemed apt.

 

[ASH]

It's official. The feds dropped the rate 3/4 of a point!

 

[SHELLY]

It's official. The feds dropped the rate 3/4 of a point!

Confirms that Ben is Wall Street's Bi-yach. When it comes to Ben, Hank and "W," there's not a ball between them.

A hat-tip to the the two Fed Govs who voted for .50.

It won't be long till the street is calling for another mid-cycle cut.

HIT US AGAIN, BEN

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[sandybanks]

http://theinternationalforecaster.com/item.php?topicId=2&articleid=230:shock:


It's getting hot in here.