http://www.enziosclock.com/economic/update/2007/09/18 Comments for "USA: The rate slash means that the Economic Time is worse than commonly thought" en http://www.enziosclock.com/economic/update/2007/09/18 <div class="flexinode-body flexinode-9"><div class="flexinode-textarea-42"><div class="form-item"> <label>Teaser: </label> <p>Buy into weakness or sell into strength? This depends on what you think the 50 basis point Fed Fund rate cut will do to the economy.</p><p>Nothing. </p><p>As we argued in our <strong>most recent update of The Economic Clock™ for America</strong>: the excess demand for money remains on account of the simple observation that banks don&#39;t want to lend. Full stop<u>. Lowering the price of money won&#39;t help</u>: it cannot alleviate banks&#39; leeriness of dodgy and murky credit risks whose magnitudes even the best financial brains cannot measure.<br /></p> </div> </div><div class="flexinode-textarea-43"><div class="form-item"> <label>Topics Covered: </label> <ol><li><strong>What we said on 10th September</strong></li><li><strong>How to make money off this idea </strong><br /></li></ol><br /> </div> </div></div><p><a href="http://www.enziosclock.com/economic/update/2007/09/18">read more</a></p> http://www.enziosclock.com/economic/update/2007/09/18#comment Wed, 19 Sep 2007 11:51:07 +0800 Enzio 501 at http://www.enziosclock.com