US cuts interest rates again - 3% now

[Squatch]

Bernanke is acting like a geek looking for a prom date. Wall street keeps hiking its mini-skirt and he keeps chasing it. It'll all end in tears.

[BrilloPad]

Einstein dies and goes to heaven only to be informed
that his room is not yet ready.

"I hope you will not mind waiting in a dormitory. We
are very sorry, but it's the best we can do and you
will have to share the room with others", he is told
by the doorman.

Einstein says that this is no problem at all and
that there is no need to make such a great fuss. So
the doorman leads him to the dorm. They enter and Albert
is introduced to all of the present inhabitants.

"See, Here is your first room mate. He has an IQ of 180!"

"Why that's wonderful!" Says Albert. "We can discuss
mathematics!"

"And here is your second room mate. His IQ is 150!"

"Why that's wonderful!" Says Albert. "We can discuss
physics!"

"And here is your third room mate. His IQ is 100!"

"That's Wonderful! We can discuss the latest plays
at the theater!"

Just then another man moves out to capture Albert's
hand and shake it. "I'm your last room mate and I'm
sorry, but my IQ is only 80."

Albert smiles back at him and says, "So, where do
you think interest rates are headed?"

[Sockpuppet]

expect the ECB to cut rates by 0.25% in about 2 years time.

Why would the cricket selectors choose interest rates?

[sasguru]

IMHO Bernanke is shooting his load too early, if you'll pardon the gross analogy ...

[DS23]

Who cares as long as he holds our stock portfolios up.

one hand low on the tiller and one hand high with the portfolios. easy.

[rootsnall]

Who cares as long as he holds our stock portfolios up.

The stockmarket is holding up well so far considering the level of potential doom out there. My Plan B is to buy big in high yield stuff if it collapses and live off the dividends while sunning myself in a tax free sunny location. However my new Wilmslow effected brain might not have to bottle to pounce !

Another bond insurer in the tulip last night, if they start going down then it really is bunker and beans time. I think they are in genuine heap big trouble hence the panic measures.

[BlasterBates]

Who cares as long as he holds our stock portfolios up.

[DS23]

hope he pushed the tiller towards land.

[DS23]

unless you see rocks dead ahead in which case leap on tiller! you know it's going to create havoc for the passengers and cargo but it's better than doing nothing.

[milanbenes]

Bob,

it's not fair to blame Ben, he's now got to solve the fruits of his predecessor's labour

time will tell eh.

Milan.

[bobhope]

no folks, this shows the flexibility of the US system and how fast and how far they can react to changing economic circumstances, MB's tip, expect the ECB to cut rates by 0.25% in about 2 years time.

Milan.

Or it shows that Bernanke doesn't know what he's doing.

An economy isn't a speedboat, it's more like an oil tanker. Slow, steady changes are required.

[milanbenes]

no folks, this shows the flexibility of the US system and how fast and how far they can react to changing economic circumstances, MB's tip, expect the ECB to cut rates by 0.25% in about 2 years time.

Milan.

[oracleslave]

http://news.bbc.co.uk/1/hi/business/7218055.stm

The Federal Reserve has cut interest rates for the second time in nine days as it tries to keep the US economy from entering a recession.
The central bank lowered rates to 3% from 3.5% after a two-day meeting.


Smacks of desperation to me.

Doomed.

Panic is not what's required but what seems to be happening

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7218055.stm

The Federal Reserve has cut interest rates for the second time in nine days as it tries to keep the US economy from entering a recession.
The central bank lowered rates to 3% from 3.5% after a two-day meeting.


Smacks of desperation to me.

Doomed.