Market Currents
Heading into this week's rate decisions, swaps are pricing a 36% chance of a rate cut from the...
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Monday, July 2, 2012, 3:35 PM ETHeading into this week's rate decisions, swaps are pricing a 36% chance of a rate cut from the ECB (Thursday), a 15% chance for the RBA (Tuesday), and a 8% chance for the BoE (Thursday), notes John Kicklighter. The ECB chance seems low given the rush last week of forecasters expecting a cut. The BoE may not move on rates, but additional QE is very much on the table.
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It will do not a gosh darn thing to help your average working man / woman and the plight your intrusion into the once "Free Market System" has loosed on them!
Now the bankers and hedge fund minions who bankroll your failed policies,
I suspect they will do just smashingly!
Smoke 'em if you got 'em boys!
Spin the wheel Sam.
Capt. Brian
The Lost Navigator
PS, A Mayan friend of mine who lives in Mexico was turning to drink, thinking about his calander. I told him, to "buck up", it ain't the end of the world.
PSS What to so, simple buy PM's, REITs, Including PSEC, and learn to hedge your bets due to gurus who have to guess because they have no time machine.