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Apparently, His Beardness was heard to utter the word "ugly" when describing the "inflation numbers" today.
Ok, what do you think? Justification for an emergency rate cut? If so, guess the date and size and we'll give you a free "Don't Short Me, Bro" mug (great for home or office). Entries have to be in this comment section. In the event there are two or more correct entries we will award the priceless heirloom to the first entry.
Related: DealBreaker Swag
Posted by MarshallStack, Oct 07, 2008 2:02PM
after the close today
Posted by guest, Oct 07, 2008 2:04PM
Sunday, 100 bp
They seem to wait until the weekend to do anything crazy.
Posted by guest, Oct 07, 2008 2:05PM
50 basis pts Wednesday Morning... speaking of ugly: "Buy a decent suit... you can't come in looking like that"
Posted by guest, Oct 07, 2008 2:07PM
225 bps to show the Mates down under that the FED rolls like that...
Posted by RamblinWreck, Oct 07, 2008 2:12PM
Friday 10/10, 75 bps
Posted by DrederickTatum, Oct 07, 2008 2:14PM
75 basis points - Thursday morning 8:30a.m.
Posted by PhilSeltzer, Oct 07, 2008 2:15PM
Fri 10/10 50 bp
Posted by guest, Oct 07, 2008 2:17PM
No emergency cut ahead of the next scheduled meeting on Oct 29th.
Posted by guest, Oct 07, 2008 2:19PM
Coordinated cut with EU, BoE, and perhaps even India/Saudi Arabia/China take your pic. It will be a rolling cut from this eve into the next couple of days.
-C
Posted by guest, Oct 07, 2008 2:19PM
100 BP before opening tomorrow if DOW finishes down 500+ today. Otherwise, 50bp.
No rate cut at all this week if Dow finishes in the black today.
Posted by guest, Oct 07, 2008 2:20PM
Just had a fortune cookie, with no fortune in it. I'm aboslutely freaking out.
End times are near.
Posted by guest, Oct 07, 2008 2:25PM
Seeing Columbus Day is Mon, I say before the market opens tuesday morning Oct 14... 75 bps... just like after MLK day 2008...
Posted by diablo, Oct 07, 2008 2:30PM
No more rate cuts until after the elections. Don't want to annoy the GOP seniors who have tons on money in money markets getting about 2%. Tell them before the elections that they are now getting 1%, yeah right...
Posted by guest, Oct 07, 2008 2:42PM
How does cutting rates help to lower inflation? Besides, a slowing economy / global depression will temper demand for oil and the rest of the world's commodities.
Posted by whatelseisgoingon, Oct 07, 2008 2:43PM
anyone who refers to basis points as beeps are amateurs
Posted by guest, Oct 07, 2008 2:53PM
Why not raise rates so more people will invest in America's debt? I would say 250 basis point would be a good start. This would strengthen the dollar.
Posted by guest, Oct 07, 2008 2:55PM
What's the deal with Iceland's banks? Why is the government taking them over?
Posted by guest, Oct 07, 2008 2:56PM
How does cutting rates help to lower inflation? Besides, a slowing economy / global depression will temper demand for oil and the rest of the world's commodities.
Posted by guest, Oct 07, 2008 2:58PM
Unless the Beard has just dropped all pretense and now refers to *low* inflation as "ugly," 31 is right. High inflation numbers means he dassn't cut rates any more.
I look, however, to see the Gummint suddenly get religion and start referring to inflation *with* energy included, which due to massive drop in oil means it's "down." This will last as long as oil price drop does. Rate cut, meh. If it happens, 50 basis points, not today. Best guess Thursday night after close.
Posted by Serg, Oct 07, 2008 3:14PM
oct 10, before market open...75 bps... need the mug bro, the market broke through my old one.
Posted by guest, Oct 07, 2008 3:19PM
100 bp 10/13 - how do we end up with mug if we comment anonymous?
Posted by guest, Oct 07, 2008 3:27PM
He is not going to do anything now. He is in "wait and see" mode.
Posted by furcifer, Oct 07, 2008 6:00PM
All the good ones are taken, so Tuesday the 14th, 50bps, unless that too is taken. If it doesn't help much, there will be a second cut very soon thereafter.
Posted by guest, Oct 07, 2008 6:29PM
no cut. will do no good and will prove that no one is in control. more acronyms and desperation.
Posted by guest, Oct 07, 2008 6:43PM
“The US government has a technology, called a printing press”
- Ben Bernanke
Posted by guest, Oct 07, 2008 8:03PM
@ 32 vets call them bips.
69 bps at 6:00 am 10/10, for comedic effect. Everyone will smile sardonically and start buying, followed by the late afternoon profit taking which will take it down to another depressing red finish.
Posted by StupidEquityGuy, Oct 07, 2008 10:23PM
"We have to be very careful not to declare victory."
--Ben Bernanke, Oct 7, 2008
Posted by guest, Oct 08, 2008 2:07AM
Sunday before Asian markets open (not that the Fed worries about markets, mind you.)
50 bp
Posted by diablo, Oct 08, 2008 2:23AM
Indonesia's stock exchange halted share-market trading for the first time in eight years after a 10 percent plunge in the benchmark index.
Trading will remain suspended until further notice, the exchange said in an e-mailed statement.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCkILJvA5idw&refer=home
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Posted by guest, Oct 07, 2008 2:01PM
1st