Here is the press release.CNBC when the cut happened.
THANKS BEN!!!
...and there goes the Greenback
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2008
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January
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- The Fed cuts 50 bps
- Breakingviews Plug
- The Stimulus Debate
- State of the Union Address
- A Wonderful Opportunity
- The Cut
- The Fed 101, Part 2: Fed Funds Futures
- Asset-Backed Securities Desks="Rogue Trader"=no ch...
- Tale of the Tape: Bernake 2007 v. Greenspan 2001
- Cold Vaccine?
- Creative Capitalism
- Mr. Volatility and Mrs. Bear Market
- The Fed 101: Part 1, What the Fed Does...
- Dow to 15,000 by Jan 1, 2009?
- Retail Soars
- Interest Rates
- Drop the herd mentality...
- Global problems
- Good News for SLB?
- Bob Pisani
- SLB Earnings
- Mad Money: Trump: 'We're in a Recession' - Mad Cap...
- MOre Altria
- Bernanke, Bush Support Economic Stimulus Plan - Ec...
- Joy Global
- MUST SEE CNBC
- Lollipop Economics
- Steve Jobs...
- Recession Election... 1992 all over again?
- Regional economic outlook...
- The Education of Ben Bernanke
- Is Goldman having any doubts?
- Summers speaks to Congress...
- It's the Fed' fault...
- OPEC vs. Bush
- SCOTUS decision may affect market
- Retail sales better than you think
- Do presidential candidates drive what they preach?
- Exercpt from TDAmeritrade's "Individual Investor" ...
- R-Word Index
- Michigan Primary Today
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- "The Black Swan"
- Insider Trading at I-banks or Coincidence?
- Which Came First: The US or ROW?
- Ben Stein wants rate cuts...
- Fed to talk to us more... WSJ
- Mortgage Crisis 101
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Past performance is not indicative of future results. Neither MII nor the Blog's authors guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the blog. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested.
Investments or strategies mentioned on this blog may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on the blog.
Before acting on information on the blog, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Please contact us here with any inquiries.
For additional information, please visit our website at www.miiclub.org
2 comments:
As for the poll, I was torn, but ended up voting Yes. My opinion is that the Fed starting cutting too late. It seems that while cuts seem to make financial markets pop right away, their economic effects have some major time lag. If Bernanke is such a baller, why didn't he start cutting back in June? 125bps in under two weeks is pretty intense, IMO.
Excellent
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