Tuesday, January 29, 2008

Fed cut

Well like I said on our first post - I am an amateur in economics. I have no formal training in the field, and just about everything I know I have learned from reading over the past ten or twelve years. What I am getting to is that there was no Fed action yesterday as I said there would be - it was just day one of the planned two day meeting. So today (Wed.) will be the announcement on interest rates. I am sticking with my call of a small cut - probably only a quarter point - which the market won't like.