Rumors are circulating that the Fed might be considering an emergency 50 bps rate cut. We are skeptical because any cut the day after the meeting would be admitting that they were, what's the word, totally fucking wrong yesterday. However, with the shit hitting the fan today, it has to have at least crossed the Beard's mind once.
Emergency Rate Cut?
Posted by Bess Levin, Sep 17, 2008, 12:37pm
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Posted by DrederickTatum , Sep 17, 2008 12:44PM
The yield on the 3 Month Treasury is .02!!!
Posted by guest , Sep 17, 2008 12:44PM
Rates aren't the problem. They know this. 0% chance. Take down.
Posted by guest , Sep 17, 2008 12:45PM
For a minute I thought that was an image of Chester Karrass from the inflight ads for his negotiating courses.
Posted by guest , Sep 17, 2008 12:46PM
Bess... you just gave me an erection and I'm precumming.
You tease.
Posted by guest , Sep 17, 2008 12:46PM
Treasury yields are blowing my mind right now, can we talk about this
Posted by guest , Sep 17, 2008 12:47PM
I'm too long this market. Didn't read.
Posted by Anal_yst , Sep 17, 2008 12:49PM
stay strong ben!
Posted by guest , Sep 17, 2008 12:50PM
A thick condiment made primarily from vegetable oil and egg yolks. Whitish-yellow in color, it is a stable emulsion formed from the oil and the yolks and is generally flavored with mustard, lemon juice or vinegar and salt.
Posted by guest , Sep 17, 2008 12:51PM
what is mayo
Posted by guest , Sep 17, 2008 12:52PM
Isn't this was what got us into this mess? EZ and EZ'r money.
Five years from now the Dow will be under 13,000. US = Japan
Treasury needs to merge with Xerox for the economy to survive. We got money to print.
Borrow Bitches Borrow!
SPODE
Posted by guest , Sep 17, 2008 12:53PM
Alas as mentioned before the Fed can cut prime to 0 (shades of Japan) and it's only going to marginally affect the LIBOR. That death-spiral is as much geo-political, cultural and 'cya' as anything else [i.e. the BBA and EU in general isnt looking to follow in our footsteps but rather avoid stepping in the same $hit we're soiling ourselves with].
-C
Posted by guest , Sep 17, 2008 12:55PM
Fed needs to stop targeting rates altogether
Posted by guest , Sep 17, 2008 12:57PM
Rate cuts are meaningless at this point.
Posted by guest , Sep 17, 2008 12:58PM
question: how many dow -500 days will it take for this shit to be over?
answer: about 20
Posted by guest , Sep 17, 2008 12:59PM
Benny B is good, but Wu-Tang is for the children.
Posted by guest , Sep 17, 2008 1:02PM
question: how many dow -500 days will it take for this shit to be over?
answer: about 20
Posted by guest , Sep 17, 2008 1:04PM
It's about time for the Dems to stop sucking it, and make the Bush tax cuts permanent,though being an election year, they are loathe to actually want to see the economy do well.
Posted by guest , Sep 17, 2008 1:06PM
All the shit hitting the fan in the last 10 days will start to appear in economic numbers 2-3 months from now. Falling rates, falling dollar, higher oil, higher inflation and then what? Raise interest rates?
Fed: Do you want to be the wife or the husband in this relationship?
U.S. Consumer: The husband.
Fed: Then get on your knees and suck your wifes dick.
Posted by guest , Sep 17, 2008 1:06PM
SPODE come on. Crisis redefines the game plan.
Think "hair of the dog."
Posted by guest , Sep 17, 2008 1:07PM
Time to get the on-the-run, off-the-run treasury arb going again. Quick, flash the John Meriweather signal from the roof of city hall!
Posted by DrederickTatum , Sep 17, 2008 1:07PM
The yield on the 3 Month Treasury is .02!!!
Posted by guest , Sep 17, 2008 1:07PM
@ "How many -500 days..."
Keep your eyes on the VIX, boys and girls.
Look for a perverse spike.
Posted by guest , Sep 17, 2008 1:13PM
Since it looks like the US dollar is toast, where would you guys reccommend moving to?
I thinking a stable govt. with low taxes, cheap prices, warm weather, hot girls, good food and plently of alcohol.
Posted by guest , Sep 17, 2008 1:15PM
@22 then what?
Posted by guest , Sep 17, 2008 1:16PM
anyone know if the 13 week is messed up because the fed can't control the federal funds rate?
Posted by guest , Sep 17, 2008 1:19PM
@23 Argentine sounds promising then again you can just wait a little while and our economies will be similiar.
Vietnam is where all the hep-cats are going but its a little too hot there.
-C
Posted by Anal_yst , Sep 17, 2008 1:19PM
@ 23
Where is this magical utopia of which you speak?????? Tell me now, damnit, I demand satisfaction!
Posted by guest , Sep 17, 2008 1:21PM
@26 Thanks, man (or woman). What about Belize and Costa Rica?
Posted by guest , Sep 17, 2008 1:23PM
@27 Belize, also Guatemala and Costa Rica come highly recommended although the latter is becoming more expensive by the day.
Posted by guest , Sep 17, 2008 1:23PM
@27
RealityKings dot com
Posted by guest , Sep 17, 2008 1:24PM
@23 have all of that here in thailand in spades, except the stable govt. part.
Posted by guest , Sep 17, 2008 1:26PM
@26 If you are looking at Belize and Costa Rica you might as well go to Nicaragua. (believe it or not they have a reasonably stable government, and the prices are noticably cheaper than B&C)
The other issue ofcourse with any of these island like sanctuairies is boredom ['Tina and 'Nam have vibrant nightlifes]. After awhile even women and alcohol and become boring<--strike that and forget everything I said.
-C
Posted by guest , Sep 17, 2008 1:27PM
@ 24. the look for the *real* washout.
Posted by guest , Sep 17, 2008 1:28PM
Sorry @30, I'm not that into porn. Larry Flynt said it best ultimately it's boring plus it degrades women.
Posted by guest , Sep 17, 2008 1:30PM
@ 24. the look for the *real* washout.
we might be about halway there, if it's a linear relationship.
Posted by guest , Sep 17, 2008 1:31PM
@ 23, go to britain. There, you can learn to spell.
Posted by guest , Sep 17, 2008 1:32PM
A summer in Siam seems just the trick. http://www.youtube.com/watch?v=c6SreNgKpac
Posted by guest , Sep 17, 2008 1:32PM
@ 34 bravo.
Posted by guest , Sep 17, 2008 1:36PM
@34, remember larry has had an erection since before the bullet severed his spine.
and I prefer allowing women to degrade themselves.
Posted by guest , Sep 17, 2008 1:40PM
39 was absent the day they explained "supply side economics."
which explains his presense (ostensibly, at least) on Wall Street.
Posted by guest , Sep 17, 2008 1:42PM
What's the best state to live in if you are downsizing -- i.e. I am ditching Wall Street and trying to live off my invesments (aprox. net worth $1.25MM)? I am 36, single and ready to mingle. I am looking at a state with low housing prices, low taxes, low crime rate, liberal gun laws, nice scenery, above average median income, well educated population, near a major city. I was thinking New Hampshire. Yea or nay?
Posted by guest , Sep 17, 2008 1:50PM
New Hampshire? Who are you, Vito Spatafore?
Posted by guest , Sep 17, 2008 1:53PM
You are going to try to live off the income from $1.25 million? Even in New Hampshire, you will be eating cat food and hitching rides to the supermarket.
Posted by guest , Sep 17, 2008 1:56PM
AHHHHHHHHHHHHHHHHHHHHHHHH!
I feel better now.
Posted by guest , Sep 17, 2008 1:57PM
@42 You got a lot of nerve calling me a gay mobster even if my last name does rhyme with gay!
But, you know what they say -- the only way to truly know if someone is gay would be to inciminate yourself.
Posted by guest , Sep 17, 2008 1:58PM
@41
Edina Minnasota.
SPODE
Posted by guest , Sep 17, 2008 2:03PM
#46: I think I dated her
Posted by guest , Sep 17, 2008 2:14PM
I'm going to get flamed for saying this but....Charlotte fits your criteria.
-C
Posted by Debter , Sep 17, 2008 2:29PM
banks fund assets at LIBOR, not fed funds
LIBOR is often manipulated b/c it's a survey not based on transactions (artificially low)
3mos LIBOR spike last night (telling me that banks can no longer keep up the charade)
Toast...
Posted by guest , Sep 17, 2008 2:29PM
I think #45 is trying to insult someone, but the world is waiting to find out the definition of "inciminate".
Posted by guest , Sep 17, 2008 2:36PM
incriminate
Posted by guest , Sep 17, 2008 2:40PM
incinerate
Posted by guest , Sep 17, 2008 2:45PM
postulate
Posted by guest , Sep 17, 2008 2:47PM
#41: Wasilla is perfect for you.
Posted by guest , Sep 17, 2008 2:48PM
inseminate
Posted by guest , Sep 17, 2008 2:50PM
figure eight
Posted by guest , Sep 17, 2008 2:51PM
Mayo-Gate
Posted by guest , Sep 17, 2008 2:51PM
Gee that's great
Posted by guest , Sep 17, 2008 2:52PM
constipate
Posted by guest , Sep 17, 2008 2:54PM
Let's get baked
Posted by guest , Sep 17, 2008 2:55PM
You need a brake
Posted by guest , Sep 17, 2008 3:06PM
eat some cake
Posted by guest , Sep 17, 2008 3:36PM
I'm on the make
Posted by guest , Sep 17, 2008 5:02PM
gyrate
Posted by guest , Sep 17, 2008 5:05PM
@ 41...Chicago