ANY LOWERING OF RATES THIS WEEK...AFTER THE BIG DROP LAST WEEK...WOULD BE SEEN AS THE FED KOW-TOWING TO THE SPECULATORS...
IN REAL MONETARY POLICY CIRCLES YOU NEED TO WAIT A WHILE TO SEE THE RESULTS...
BUT IN THE WALL STREET RUMOR MILL...ANY MERE PERCEPTION IS GOOD ENOUGH TO CAUSE THE MARKETS TO SOAR OR PLUNGE...TRUE OR NOT! GOOD POLICY OR BAD POLICY...IT DOESN'T MATTER TO WALL STREET...AS LONG AS THE FED IS SHOVELING MONEY OUT THE DOOR!
IF THE FED LOWERS RATES BECAUSE IT "FEARS" WALL STREET'S "REACTION" THIS WEEK...?
IT'S OVER FOR THE FED... THEY CAN PUT THEIR HEADS BETWEEN THEIR LEGS AND KISS THEIR SORRY ASSES GOOD-BYE!!
THE FED NEEDS TO ESTABLISH SOME ADULT SUPERVISION OVER THE ECONOMY AND THE MARKETS...
THIS WEEK WOULD BE A GOOD PLACE TO START!!
