What Will Ben Bernake Do? Part 4

[Slew Foot]

Fed to announce again tomorrow, how bad is BB going to bail out his buddies on Wall Street this time?

Im guessing 25 points.

 

[FoBoT]

i'll go with .50
i heard that on the radio

seems excessive when they did the .75 last week in response to what now may have been a rogue trader? its over my head

 

[SSSnail]

Drop rates, DROP IT NOW! I want my money to worth as much as a peso, that'll show them people from the south of the border.

 

[Dacalo]

I think they will lower by 50bps. I don't think they will take any chances by decreasing by .25%

 

[imported_Lothar]

I'd guess rates will be cut by 0.25%.

I'm hoping they'll leave rates unchanged...Heck we haven't had the full effect of the emergency 0.75% rate cut.

 

[JEDI]

bail out the banks by dropping rates?

how?

Esplain

 

[her209]

I'm banking *no pun intended* on Bernake to leave rates unchanged due to the rate cut last week.

 

[her209]

Originally posted by: JEDI
bail out the banks by dropping rates?

how?

Esplain

I'm guessing the implcation is that his "buddies" are large shareholders in publicly traded companies/banks.

 

[bctbct]

Originally posted by: JEDI
bail out the banks by dropping rates?

how?

Esplain

It will generate more business as well as cut how much they have to pay for your money i.e savings.

 

[ponyo]

Better hope for 50 if you're long. Anything less is going to cause disappointment and falling prices. Only exception might be 25 point fed fund rate cut and 50 point cut in the discount rate.

Why all Bernake hate? I guess I don't understand Bernake hate and Greenspan love.

 

[IronWing]

I'm guessing no change tomorrow. With the stimulus fiasco rolling along in Congress it is time for Ben to pretend to have a spine and "wait for last week's irresponsible cut to take effect".

 

[IronWing]

Originally posted by: Naustica

Why all Bernake hate? I guess I don't understand Bernake hate and Greenspan love.

Some have realized that Greenspan wasn't really all that great either. In his early years, Greenspan followed the Volker route of fiscal responsibility. After the 87 crash he threw in the towel and started printing money in response to every downward wiggle of the markets. Bernake took that idea and ran with it. The plunge of the dollar has more to do with Fed policies than with deficits. Those of us who save our pennies get a double whammy of low interest rates on savings and inflation thanks to knee-jerk monetary policy.

 

[George P Burdell]

/waits for Cramer to break bad on Bernanke again

 

[Auric]

Less than fiddy and the market tanks now rather than later. Spoiled biznatches.

 

[ponyo]

Originally posted by: ironwing

Originally posted by: Naustica

Why all Bernake hate? I guess I don't understand Bernake hate and Greenspan love.

Some have realized that Greenspan wasn't really all that great either. In his early years, Greenspan followed the Volker route of fiscal responsibility. After the 87 crash he threw in the towel and started printing money in response to every downward wiggle of the markets. Bernake took that idea and ran with it. The plunge of the dollar has more to do with Fed policies than with deficits. Those of us who save our pennies get a double whammy of low interest rates on savings and inflation thanks to knee-jerk monetary policy.

Way I see it is Greenspan caused the mess we're in now and Ben is just cleaning up the mess he inherited.

For all the people wishing for a stronger dollar, be careful for what you wish for especially if you have money invested in equities and metals. Cause you might just get it and not like what you get.

 

[moparacer]

Anyone read the report on the msnbc business front page yesterday?

It said something to the effect that the stock market gains yesterday were the result of the horrid housing reports that reassured investors that a rate cut was more likely........

Sometimes I wander if this dog and pony show everybody invests in is really a good idea.....

 

[Slew Foot]

Almost time, hope you havent spent the last few years saving up soon to be worthless dollars. SPEND SPEND SPEND, keep money flowing to the corporate masters!


Ewwww... that sounds like something McCowen would say.

 

[LegendKiller]

Originally posted by: Slew Foot
Fed to announce again tomorrow, how bad is BB going to bail out his buddies on Wall Street this time?

Im guessing 25 points.

it has nothing to do with bailing out WS. If you haven't checked, lotsa people are losing jobs up here.

 

[LegendKiller]

Originally posted by: Naustica

Originally posted by: ironwing

Originally posted by: Naustica

Why all Bernake hate? I guess I don't understand Bernake hate and Greenspan love.

Some have realized that Greenspan wasn't really all that great either. In his early years, Greenspan followed the Volker route of fiscal responsibility. After the 87 crash he threw in the towel and started printing money in response to every downward wiggle of the markets. Bernake took that idea and ran with it. The plunge of the dollar has more to do with Fed policies than with deficits. Those of us who save our pennies get a double whammy of low interest rates on savings and inflation thanks to knee-jerk monetary policy.

Way I see it is Greenspan caused the mess we're in now and Ben is just cleaning up the mess he inherited.

For all the people wishing for a stronger dollar, be careful for what you wish for especially if you have money invested in equities and metals. Cause you might just get it and not like what you get.

Greenspan had absolutely no control over the current situation.

Long term rates didn't go down because of cheap money from the Fed or other banks. They went down because cheap money flooding in from international investors.

The Fed's decisions were equiv to a pimple on an elephant's ass compared to the ~10tr that plowed into the debt markets from every angle.

 

[ultimatebob]

Originally posted by: George P Burdell
/waits for Cramer to break bad on Bernanke again

I'm convinced that Cramer LIKES inflation! If it were up to him, the Fed rate would be less than 1% and we'd have 9% inflation rate a year.

 

[Slew Foot]

Originally posted by: LegendKiller

Originally posted by: Slew Foot
Fed to announce again tomorrow, how bad is BB going to bail out his buddies on Wall Street this time?

Im guessing 25 points.

it has nothing to do with bailing out WS. If you haven't checked, lotsa people are losing jobs up here.

Unemployment is at 5%, still full but just barely. Really, you take 100 average Americans, and 5 of them are going to be idiots, doucebags, drunkards, or too unreliable to hire anyway.


I'd talk more but Ive got a job interview today for a 20% pay raise. 🙂

 

[ultimatebob]

Originally posted by: LegendKiller

Originally posted by: Slew Foot
Fed to announce again tomorrow, how bad is BB going to bail out his buddies on Wall Street this time?

Im guessing 25 points.

it has nothing to do with bailing out WS. If you haven't checked, lotsa people are losing jobs up here.

I'm not sure about about jobs, but a lot of folks are losing their homes and dragging down the economy right now.

That said, anyone looking for a job right now can tell you that the market isn't that great at the moment. It's no fun going on interviews and finding out that 10 applicants are competing for the position.

 

[rchiu]

Originally posted by: Slew Foot

Originally posted by: LegendKiller

Originally posted by: Slew Foot
Fed to announce again tomorrow, how bad is BB going to bail out his buddies on Wall Street this time?

Im guessing 25 points.

it has nothing to do with bailing out WS. If you haven't checked, lotsa people are losing jobs up here.

Unemployment is at 5%, still full but just barely. Really, you take 100 average Americans, and 5 of them are going to be idiots, doucebags, drunkards, or too unreliable to hire anyway.


I'd talk more but Ive got a job interview today for a 20% pay raise. 🙂

Heh, with the claims you made about making millions in the stock market, (seems to recall your claim on shorting the mortgage industry) aren't you retired already?

 

[NL5]

Originally posted by: Slew Foot

Originally posted by: LegendKiller

Originally posted by: Slew Foot
Fed to announce again tomorrow, how bad is BB going to bail out his buddies on Wall Street this time?

Im guessing 25 points.

it has nothing to do with bailing out WS. If you haven't checked, lotsa people are losing jobs up here.

Unemployment is at 5%, still full but just barely. Really, you take 100 average Americans, and 5 of them are going to be idiots, doucebags, drunkards, or too unreliable to hire anyway.


I'd talk more but Ive got a job interview today for a 20% pay raise. 🙂

The unemployment rate has nothing to do with people who are unemployable, you do realize that, right? It only counts the short term unemployed. 5% is not great, but it's not terrible either.

 

[Queasy]

Originally posted by: NL5
The unemployment rate has nothing to do with people who are unemployable, you do realize that, right? It only counts the short term unemployed. 5% is not great, but it's not terrible either.

5% is not great? 5% is in the historical low territory and pretty good. 4% is the lowest it has been and the economy was considered 'overheated' at the time. Unemployment would have to get to 6% to start showing signs of concern IMHO.

If someone could get Michigan to get its act together that would probably help the national average. They've hit 7+% because of the horrible policies of the state government that's been chasing businesses out of state.