More Rate Cuts From Fed Expected Tuesday

quickly followed by the US$ going further into the TANK which in turn means even HIGHER oil prices which then leads to HIGHER transportation costs which then leads to HIGHER food costs.

 

can you say "STAGFLATION" boys and girls? only THIS one will make the 1970's look mild. we best all better pray that is ALL that happens because we COULD be looking at either America in 1929 or Germany in 1923-24.

 

B S Bernanke doesn't have a CLUE. the problem isn't the level of interest rates, they are already at record lows. the problem is liquidity because those banks getting those cut rate fed funds will NOT make LOANS to either private or business borrowers unless, as Harry Truman once said, "they can prove that they really don't need the money".

 

meanwhile EACH rate cut just further weakens the US$

another panic rate cut on SUNDAY for christ sakes because of the Bear Sterns mess and it's projected a FULL POINT fed cut next week.

 

B S Bernanke, Henry "Pat" Paulson, the Fed and the Wall Street Weasels are in FULL PANIC MODE.

 

look for a further US$ dump next week

coming bank runs should give new meaning to the term "going to the mattresses" 'cause THAT'S the only place your $$$ will be half assed SAFE