Greenspan gonna cut the rates this month?

[gittyup]

The Federal Reserve and Mr. Greenspan to meet this month and discuss the economy for the
last time this year. Lower interest rate or not? Thoughts or opinions?

 

[AndrewR]

Well, the economy is slowing, jobless rates are up, stocks are falling -- seems like a good time. It'll lower my loan payment so I'm hoping.

 

[thebestMAX]

Highly unlikely. We may see a change in bias this month and an easing next. I will go as far as saying if we dont have a President by the meeting, it will not happen for sure.

 

[denali]

I agree with thebestMAX unlikel this month especially since the jobless and wage numbers that came out today were not bad. A rate cut is definatley coming however just take a look at the treasury rates and they are already counting on several rate cuts in the next half year.

This is a good time to be looking at dumping the USD and picking up something like the euro or NZD. the NZCB has indicated they are going to be raising rate 1% in the comming months and with the fed cutting the NZD should do good against the USD.

 

[bigbootydaddy]

my old girlfriend use to take it upon herself to raise the economy everytime greenspan said it was slumping a bit. she has socks in every single freaking color and shoes she has yet to use from two years ago.

shopping is suck