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US Fed could make small cut
Australian News.Net
Monday 28th April, 2008
The U.S. Federal Reserve is expected to come out with a small reduction in interest rates this week.
Analysts believe the small rate cut will signal that its rate-cutting cycle is almost over.
Rising global inflation and the Fed's hope that its monetary and fiscal stimulus will shore up the U.S. economy, suggest the central bank is ready for a pause in rate cuts.
Fed Chairman Ben Bernanke has lowered rates in the past months to 2.25 percent.  Email this story to a friend
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Ivo Cerckel
04-29-08, 12:26 AM |
US Fed could make small cut
The US has been gaming the system for decades; sucking up two-thirds of the world’s capital to expand its cache of Cadillac Escalades and flat-screen TVs; giving nothing back in return except mortgage-backed junk, cluster bombs, and crummy green paper. Nothing changes; it only gets worse. But this is different. The world is now facing the very real prospect of “completely avoidable” famine because twelve doddering old banksters at the Federal Reserve would rather bailout their sketchy friends and preserve their spot at the top of the economic food-chain then save the lives of starving women and children. Bernanke now has an opportunity to do more damage than Bush with one swipe of the pen. If he cut rates; the dollar will fall, commodities will spike, and people will starve. It’s as simple as that.
(US Fed To Blame for Global Food Crisis Apr 26, 2008 - 03:09 PM By: Mike_Whitney
http://www.marketoracle.co.uk/Article4486.html
Henry Hazlitt, 1946
http://jim.com/econ/chap01p1.html
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
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