Greenspan’s successor wants to get his picture on the cover of TIME just as much as his former boss did. He’s determined to beat the bust. If he can do it, TIME will probably give him the Man of the Year award. If he can’t, he’ll probably get the ‘Schmuck of the Year’ award from us…
February 23rd, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "cut rates"
The Fed Will Cut Rates Today
What can the feds do? They’ve cut rates…they’ve bailed out…they’ve lent…they’ve bought…they’ve sent out checks. Altogether, the bill for all this stimulation is stretching up to $9 trillion. Read on…
December 17th, 2008 | Bill Bonner | 11 comments | Continued
The Fed Cut Rates – But How Low Will They Go?
The big news yesterday: the Fed cut rates to 1%. Only 100 basis points left to go, in other words. Yes, dear reader, the Fed’s key lending rate will probably go all the way down to zero…
October 31st, 2008 | Bill Bonner | 2 comments | Continued