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 How the Markets Will Unravel

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Judy
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Join date : 2007-09-18

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PostSubject: How the Markets Will Unravel   How the Markets Will Unravel Icon_minipostedWed Sep 26, 2007 9:58 am
How the Markets will Unravel

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In all likelihood, the Federal Reserve's loosening of the monetary reins will not only hasten the depreciation of our currency -- it will do little to bring the housing market back into balance. Tuesday's 50-basis-point reduction in the discount rate and the federal funds rate is like treating a patient wracked with cancer with antibiotics.
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