Quote:
Originally Posted by MikeWaters
|
He is basically repeating what he has heard on CNBC.
Eventually when the truth is known hedge funds and these Kerry trades caused the market problems. Remember long term capital? Greenspan bailed out the banks on that one with liquidity. Bernanke is already doing that. Rate cuts are psychological for the consumer. If he cuts rates it will be about saving joe average guy. I guess you could say if Joe average guy gets saved then so does the economy and market. That also helps Joe average guy.
It shows how ignorant Novak is to buy into this rate cut to save millionaires.
08-16-2007, 08:33 PM
Threaded Mode