Rate cut...

The rate cut didn't work, and its not gonna last anyway.. Fed may be induced to jack rates back up shortly....

http://www.msnbc.msn.com/id/20912636/
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September 23 2007 - US
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Profile picture for LongIslandBubble
The government doesn't care about the dollar; they just say stuff like that to keep the foreigners believing that the dollar will soon rally. This will keep them buying dollars thinking they are buying low.

Eventually; the CPI numbers will come in high above the comfort zone of 1% - 2%, the bond investors will be spooked and expect higher yields sending sending the 30FRM into the double digits. Then the fed will finally start raising the rates.

The sellers who are already lowering their prices on what seems like a daily basis in my neck of the woods, will then panic. This is the reason if you are selling your house; this is the last chance to cut and sell before everyone else does.
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September 23 2007
 
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