Prepare yourself for the Fed lowering interest rates
by 50 or 75 basis points today or later in the week? Helicopter Ben has this crazy notion. Otherwise they will do it on the 29th.
Good job congress, we can already see how you are helping your horrendous fraud-scheme! Cannot even make a success with that. If Bush and Paulson did not had this melodramatic fearmongering, the Dow would NOT have fallen by 777 points last week, but by much less and a bailout would not be necessary. The 700 B will not even be nearly enough: it is only for the election, e.g. the next month, but the market is stronger than the Fed. By lowering interest rates, the USD will be under renewed pressure, commodities will go go and inflation increased. Paulson is playing govt. hedge fund manager, terrible.
One thing, congress and the president has already immediately lost confidence, as their bailout did not had even the short term desired effect so far. The Dow may test 10 000 level. If it drops today or later this week below this number, expect much lower stock prices even.




















