Friday, September 7, 2007

Emergency Fed rate cut?

In a perfect world, it would happen today, and the Fed would cut at 3:20 ET, like they did almost 9 years ago during LTCM. The pronounced weakness in the dollar, is a result of weakness in the US economy, not the future lowering of interest rates. But maybe the Fed governors like running around naked at the beach. Their intransigence however, is exposing the "real" economy to more than a sunburn.

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