retire@40
Thinks s/he gets paid by the post
- Joined
- Feb 16, 2004
- Messages
- 2,670
They said on Bloomberg that the Fed dropped the rate 25 points 5 minutes after the announcement of the JP Morgan purchase of BSC.
Inflation Inshmlation.
Why worry about about returning to the Carter years when all hell is breaking loose now?
We'll worry about inflation next year when we need to move interest rates back up to 15% to fight that.
Head down and keep moving.