Blinder & McTeer on Fed Cuts

Tuesday, May 06, 2008 | 03:30 AM

Alan Blinder, former vice chairman of the Federal Reserve, Robert McTeer, former president of the Federal Reserve Bank of Dallas, Jim Bianco, president of Bianco Research, and Mike Ryan, head of wealth management research for the Americas at UBS Financial Services, talk about the Federal Reserve's decision to lower the main U.S. interest rate by a quarter of a percentage point to 2 percent, the Fed's communication about the U.S. economy and the outlook for Fed monetary policy.

 


Source:

Trims Rate to 2%, Signals Ready to Consider Pause
Craig Torres
Bloomberg, April 30 2008
http://www.bloomberg.com/apps/news?pid=20601068&sid=aFMety04E3Vc&

Tuesday, May 06, 2008 | 03:30 AM | Permalink | Comments (4) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e5521ddfeb8834

Listed below are links to weblogs that reference Blinder & McTeer on Fed Cuts:

Comments

My sense of the direction of interest rates, the markets, commodities and the dollar are ALL one big question mark. Nearly every financial metric of any significance and its associated underlying data is now (rightfully so) regarded with skepticism.

I think there is more hood winking (~collusion) going on among insider "smart money" players on Wall Street right now than has EVER occurred in history. Bush is political toast and has essentially given up on doing anything material for the remainder of his term; which includes investigating any questionable market activity or enforcing current security laws.

So what we are witnessing right now is the last great money grab by the party in power with an administration looking the other way. We are currently being raped and pilaged financially every time you buy groceries, go to the doctor or fill-up your vehicle with gas. The Futures Market has been transformed from a means of hedging future purchases by businesses actually producing something to nothing more than organized gambling. (Kind of like greenmail.)

Since nearly everything is off-the-charts there is little guidance as to what to expect next. It's indicative of a financial orgy. And frankly, no one on Wall Street gives a damn! However, there is good news, after the elections, all of this non-sense will quickly disappear and things will begin to move back toward some semblance of normalcy.

Problem is...I not sure anyone even knows what normal is anymore. They also have no clue how future generations will be able to survive in the financial environment we will have left them. Shame on us greedy selfish b#stards!!!

Posted by: BG | May 6, 2008 4:48:17 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner