When good news is bad news...

[_nova]

And the gains from the coordinated rate cuts are wiped out inside 2 hours. This is not good at all. This is starting to look very scary. Maybe it's because the markets expected 75 to 100 bps?

[#2]

A NEW BUBBLE IS BEING CREATED, RATES ARE BACK AT 1.5% IN THE US. SAME THING AS AFTER SEPTEMBER 11, HISTORY IS REPEATING ITSELF, EXCEPT THIS TIME IT IS MUCH PAINFUL. EXPECT GROWTH IN NEAR FUTURE, CERTAIN ASSETS WILL ENJOY MASSIVE GROWTH, NOT SURE EXACTLY WHERE THIS BUBBLE IS GOING TO BE, I JUST HOPE I OWN SOME OF IT. THAT'S HOW THE US FIXES ITS ECONOMY, BY CREATING A BUBBLE, IT HAPPENED WITH INFO TECH, CREDIT, WHATS NEXT?

[_nova]

the fundamental problem with a rate cut in this kind of environment is that it's going to stimulate inflation eventually. Rates down = weaker currency. A rate cut down to 0.5% like some FX analysts are saying has the potential to trash the USD and then we'll really all be up the spout