Sunday, March 4, 2007
Central Bankers Signal No Immediate Rate Cuts Ahead
As i mentioned in the previous post - way too early in the game for any type of special help for the Wall Street bulls. (Click Here To Read). Keep an eye on Fed Funds futures in the weeks ahead. If problems in real estate intensify to the point of major spillover into other areas of the credit markets, then IMO May won't be too soon for some sort of Fed action, but even that may still be a long shot given on going FED inflation concerns unless things get extraordinarily dicey. "Dicey".. now there's a great economic term, I believe an Adam Smith favorite.