Was expecting the rate cut for today probability at 90%

A 50BP cut would be like no cut at all – a 75BP cut is not the real thing – we need to shoot with canons now and make a 100BP cut. Isn’t that sad that we repeat the same mistakes all over again? If you take the Japanese events starting 1989 as a road map of the things to come, you will have a pretty accurate schedule, only that it happens on a global scale with a different impact though, due to various reasons but still awful by any means.

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~ by behindthematrix on October 8, 2008.

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