All eyes on Wall St - What's your prediction?

it must be bad - the fed have just cut 75 basis points!!!

takes their rates to 3.5% i think - pretty insane and an indication that they are prepared to lose the dollar to bail out those debt ridden banks which should have been allowed to fail due to their poor business models.

I'm sure they have all the information to make an informed decision about the right course of action, as well as considerable experience in handling a very large economy...
 
it must be bad - the fed have just cut 75 basis points!!!

takes their rates to 3.5% i think - pretty insane and an indication that they are prepared to lose the dollar to bail out those debt ridden banks which should have been allowed to fail due to their poor business models.

Very interesting, that's a hell of a jump!
Looks to me like they're going to go down the route of trashing the dollar and inflating their way out of their problems.
That could pave the way for a similar thing to happen here, I might buy some gold!
 
Might have something to do with the US cutting interest rates by .75% more to follow!

Great news for Sterling as it becomes more attractive.

RL beat me to it.

US haven't done this since 82. Maybe a lucky omen for Spurs since it must have been then since they last beat Arsenal :D
 
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Wish I understood what this really meant! I'm about to buy a flat soon, does the markets taking a dive like this mean thats a bad move?
 
I'm sure they have all the information to make an informed decision about the right course of action, as well as considerable experience in handling a very large economy...

lol - yeah right, they really know what they are doing (sarcasm), considering this mess was created by the central bank policy of the last 10 years! -they made this mess and they have no idea how to get out of it - its a balancing act - do they choose inflation or a recession - they just chose inflation.
 
Freedom of speech gives me the right to assess the motivation of your posts based on their content, as well as you the right to refute those if I'm incorrect. This is especially relevant in a thread where the basis of posters viewpoints is relevant to the viewpoint itself, at least in the eyes of readers.

I'll leave everyone else to make their own judgement about your stance and my take on what you have posted ;)

That's fine by me.

Your lack of knowledge of myself, my circumstances and motivation has forced you to attempt to disguise your back-down with a well-worded, yet relatively meaningless post. I've seen through it, so I'll let everyone else re-read it and make their own judgement :)
 
lol - yeah right, they really know what they are doing (sarcasm), considering this mess was created by the central bank policy of the last 10 years! -they made this mess and they have no idea how to get out of it - its a balancing act - do they choose inflation or a recession - they just chose inflation.

Have you offered your services? You must have a substantial background in managing massive economies to know they have made the wrong choice.
 
That's fine by me.

Your lack of knowledge of myself, my circumstances and motivation has forced you to attempt to disguise your back-down with a well-worded, yet relatively meaningless post. I've seen through it, so I'll let everyone else re-read it and make their own judgement :)

Still no explaination of your motivations of this post though.

I hope it all goes down the pan.

Then those who make undeserved, unwarranted profit from it can learn about real life.

I'm trying to work out how you think I've backed down, I explained the rationale I used for coming up with the comment, the comment still stands in it's entirety.
 
the fed have just cut 75 basis points!!!
Was surprised to see it was by that much, had been anticipating more like 50bp.

The knock-on effect over here now is that a rate cut by the BoE next month is even more likely with 50bp now a real possibility.
 
Have you offered your services? You must have a substantial background in managing massive economies to know they have made the wrong choice.

you're right, why am i questioning our brave and competent leaders? - of course they only have our best interests at heart and do so for the benefit of society in general whilst not lining their pockets with cash from the many banks that will benefit from looser lending. :rolleyes::rolleyes::rolleyes::rolleyes:
 
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