The Beard Drops The "U" Word

dsmbmug.jpgApparently, 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

Comments

1

Posted by guest, Oct 07, 2008 2:01PM

1st

2

Posted by MarshallStack, Oct 07, 2008 2:02PM

after the close today

3

Posted by guest, Oct 07, 2008 2:03PM

Too long because of ban, didn't read.

4

Posted by guest, Oct 07, 2008 2:04PM

Sunday, 100 bp

They seem to wait until the weekend to do anything crazy.

5

Posted by guest, Oct 07, 2008 2:04PM

tomorrow, 1/2 a pt

6

Posted by xtian, Oct 07, 2008 2:05PM

tomorrow - 8:30, 75 basis points.

7

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"

8

Posted by guest, Oct 07, 2008 2:06PM

Tomorrow, 100bp. Send mug to Boston, MA pls.

9

Posted by guest, Oct 07, 2008 2:06PM

next Monday; 50bps

10

Posted by guest, Oct 07, 2008 2:07PM

225 bps to show the Mates down under that the FED rolls like that...

11

Posted by guest, Oct 07, 2008 2:07PM

50bps by the end of the week

12

Posted by guest, Oct 07, 2008 2:07PM

100 beeps

SPODE

13

Posted by guest, Oct 07, 2008 2:09PM

SPODE - when?

14

Posted by RamblinWreck, Oct 07, 2008 2:12PM

Friday 10/10, 75 bps

15

Posted by guest, Oct 07, 2008 2:12PM

69 bps...around 2 am tomorrow morning

16

Posted by DrederickTatum, Oct 07, 2008 2:14PM

75 basis points - Thursday morning 8:30a.m.

17

Posted by PhilSeltzer, Oct 07, 2008 2:15PM

Fri 10/10 50 bp

18

Posted by guest, Oct 07, 2008 2:17PM

No emergency cut ahead of the next scheduled meeting on Oct 29th.

19

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

20

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.

21

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.

22

Posted by guest, Oct 07, 2008 2:21PM

25bp tomorrow.

23

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...

24

Posted by guest, Oct 07, 2008 2:25PM

50 bps, 10/20.

25

Posted by guest, Oct 07, 2008 2:27PM

October 8th, 100 bps

26

Posted by guest, Oct 07, 2008 2:27PM

50bps 10/8 before sundown

27

Posted by guest, Oct 07, 2008 2:28PM

Next Monday morning, 100 beeps

28

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...

29

Posted by guest, Oct 07, 2008 2:30PM

50 bp on thursday

30

Posted by guest, Oct 07, 2008 2:31PM

October 14th, 50bps

31

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.

32

Posted by whatelseisgoingon, Oct 07, 2008 2:43PM

anyone who refers to basis points as beeps are amateurs

33

Posted by guest, Oct 07, 2008 2:45PM

50 bp 10/8

34

Posted by jojohippy, Oct 07, 2008 2:46PM

October 23 by 50 bps.

35

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.

36

Posted by guest, Oct 07, 2008 2:55PM

What's the deal with Iceland's banks? Why is the government taking them over?

37

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.

38

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.

39

Posted by guest, Oct 07, 2008 3:00PM

36: Because their credit market is frozen up!

Ha! I kill me.

40

Posted by guest, Oct 07, 2008 3:07PM

50 bps @ regular meeting
wheres my mug!!

41

Posted by guest, Oct 07, 2008 3:07PM

50 bps @ regular meeting
wheres my mug!!

42

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.

43

Posted by guest, Oct 07, 2008 3:19PM

100 bp 10/13 - how do we end up with mug if we comment anonymous?

44

Posted by guest, Oct 07, 2008 3:27PM

He is not going to do anything now. He is in "wait and see" mode.

45

Posted by orcagirl, Oct 07, 2008 3:30PM

50 bps.
thursday oct 8th

46

Posted by guest, Oct 07, 2008 3:30PM

tomorrow, 10:30, 50bp cut

47

Posted by guest, Oct 07, 2008 4:05PM

Defend the dollar! Raise rates now!

48

Posted by guest, Oct 07, 2008 5:06PM

50bps on Monday

49

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.

50

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.

51

Posted by guest, Oct 07, 2008 6:43PM

“The US government has a technology, called a printing press”
- Ben Bernanke

52

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.

53

Posted by StupidEquityGuy, Oct 07, 2008 10:23PM

"We have to be very careful not to declare victory."

--Ben Bernanke, Oct 7, 2008

54

Posted by guest, Oct 08, 2008 2:07AM

Sunday before Asian markets open (not that the Fed worries about markets, mind you.)

50 bp

55

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

56

Posted by guest, Oct 08, 2008 4:35AM

@55

Yes. Those pussies. Let's watch the Indonesian market crater -50% once it reopens. That'll teach those villagers from messing with free markets.

Animal spirits UNLEASHED!

57

Posted by guest, Oct 08, 2008 8:27AM

Bess, I had the suit comment I could swear I put my prediction in before that other guest donkey...

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