Quote:
Make room under your mattress, folks...
We may see a 100 basis point rate cut from the Fed this month.
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What is wrong with this man. Someone needs to go shave his beard off or something. Maybe that will make him gain sannity. Doesn't he know he is inviting in inflation. Oh gosh, if he does anything close to 75 basis points, commodities are going to go haywire. Personally, I don't understand bernanke's strategy at all. First off, Greenspan set interest rates artificially low and helped spur on the housing bubble. Now dealing with the subprime and credit crisis caused by the housing bubble, Bernanke thinks he can save us by lowering interest rates again. Who gave this man a degree. Am I just crazy, or is bernanke on a mission to ruin our economy.