Wednesday, October 29, 2008

Fed Funds Rate

I'm going to be travelling most of the day, but I fully expect a 50 point rate cut. The only reason they wouldn't go with a 100 point rate cut is because then what? You're at a Fed Funds rate of .5%. When things get worse, what would you do? Oh, yea, I keep forgetting about that pernicious/blessed printing press. Print, baby, print.

From the WSJ in anticipation of today's 50 point rate cut.

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