On Jan 30, 2008, at 2:27 PM, Doug Henwood wrote:
> [little surprise here - the markets are getting pretty much
> everything they want: not merely the cut, but language suggesting
> there's more to come]
>
> <http://www.federalreserve.gov/newsevents/press/monetary/20080130a.htm
I very much doubt that this includes (on the $ long side) the markets for long-term debt and currencies.
The fed's rationale for these cuts at a time of high and rising inflation can be summed up in one sentence: ITS TIME TO PANIC.
Shane Mage
"Thunderbolt steers all things...it consents and does not consent to be called Zeus."
Herakleitos of Ephesos