RLLD 4,283 Posted December 1, 2007 According to futures listed on the Chicago Board of Trade, investors are placing a 100 percent bet that the Fed will lower the key federal funds rate by at least a quarter of a percentage point to 4.25 percent. What's more, traders are factoring in a 34 percent probability of a half-point cut to 4 percent. Rink This is bordering on complete stupidity now..... The last rate cut did nothing to stem the tide, all it did was devalue the dollar and remove our currency from consideration on the currency market. If they do this again, we could very easily see nations like China and Japan start dumping dollars, which will kill its value further. This is ridiculous, you cannot fix this problem.....sweet motherfocking christ, if they just leave it alone it will work itself out. The people wo perpetuated the housing fraud of the last 4 years are going to get hurt....just let it happen Share this post Link to post Share on other sites
