It doesn't matter what the Fed does to interest rates if lenders won't lend, so ride the rally up until the Fed cuts rates, and then get short. If you don't believe me then look at this study done by the Federal Reserve back in 2002.
Study
If it gets too dense then read the conclusion paragraph on Page 11 and 12
Friday, November 30, 2007
Random Thought of the Day - Nov 30, 2007
Posted by TJF at 7:39 AM
Labels: Federal Reserve, Interest Rates, Recession
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1 comment:
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