Poll Accurately Predicts Fed's Move
Thanks to all those who participated in the FakeBen.com poll on the Fed's Dec. 11 action.
Obviously Ron Paul supporters showed up, because 21% of respondents said the Fed would "Do the Responsible Thing and Return to the Gold Standard." Unfortunately, that did not happen.
However, 47% of respondents said the Fed would lower 25 basis points, which they did. 26% guessed the Fed would lower 50 basis points, and 7% said they would hold rates.
Please vote on our latest poll: whether the Fed will take action before their January 30th meeting.