No matter what the reason of latest USD raise is, the FED now have plenty of room to cut.
Some people believe FED is out of bullets. No, FED still have 7 bulets left. Think - 2.00% rates, 0.25% increment - it makes 7 cuts until rates reach 0.25. I do not think FED will cut to 0.25, nor to 0.50 as Sir Greenspan did, but what about 1.00% ?
Why not. Is no longer impossible. USD is up, Gold is down, Oil is down.
At least kind of down :-)
2008-08-08
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment