Japanese Car Zone - View Single Post - Federal Reserve cuts interest rates, stock soar

450SEL6.9 · 09-20-2007, 02:35 AM

I wanted to start this thread immediately after the rate cut, but I wanted to see if the stock market held the gains the next day. It did.

Now, what do you think? Greenspan predicts between 33% and 50% chance of recession. I think the chance is greater than 50% because there are just so many things wrong with the world economies. They seem to be culminating all at once.

Is the Federal Reserve move going to avert a recession or worse? Comments?

P.S. I think the biggest problem is the unrestrained optimism in the capital markets. The market tanked in August, got bailed out by the Fed and immediate shot back up in next to no time at all. For an economy that is swimming in its own debt and has a 33% chance of plunging into recession, I think the U.S. stock markets are at very high levels.

09-20-2007, 02:35 AM	#1
450SEL6.9 Inactive Account Join Date: Oct 2005 Posts: 1,142 Thanks: 172 Thanked 108 Times in 95 Posts	Federal Reserve cuts interest rates, stock soar I wanted to start this thread immediately after the rate cut, but I wanted to see if the stock market held the gains the next day. It did. Now, what do you think? Greenspan predicts between 33% and 50% chance of recession. I think the chance is greater than 50% because there are just so many things wrong with the world economies. They seem to be culminating all at once. Is the Federal Reserve move going to avert a recession or worse? Comments? P.S. I think the biggest problem is the unrestrained optimism in the capital markets. The market tanked in August, got bailed out by the Fed and immediate shot back up in next to no time at all. For an economy that is swimming in its own debt and has a 33% chance of plunging into recession, I think the U.S. stock markets are at very high levels.