Will The Fed Approve An Emergency Rate Drop?

That’s the big question for the financial markets.

My initial feeling was that Bernanke doesn’t want to make a move that even slightly smells of panic. But then I noticed some new stories today about Bank’s tightening their lending standards.

My bet – which has all the value of picking a stock at random – is that an emergency drop will not happen because Bernanke wants to maintain the aura of calm. Anyone else?

BTW – I manipulated the time stamp on this post so that Mikey’s good cause remains at the top. Go vote for the kid!!!

2 Responses to “Will The Fed Approve An Emergency Rate Drop?”

  1. Chief says:

    Bernanke is just as incompetent as the rest of the doofusses that Bush has hired.

  2. Macswain says:

    Ha! Just like potential home buyers, he seems frozen with fear.

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