98% bet that Fed will lower fed funds rate 25bps tomorrow

Quotes From Fed Officials on Economy

Hopefully they will surprise again with a 50 bps cut. The bursting of the housing and credit bubbles, compounded with China's "irrational exuberance," according to Greenspan, will hopefully inspire the Fed to be more aggressive, but the comments above suggest otherwise. If there is no cut, the market will fall. The 25 bps cut is already priced in. People may take profits if this happens. If it's a 50 bps cut, the market will rally.

$20 billion down the drain. just wait for the blowback.

Merrill, Citi, Bear Stearns, and JPMorgan write off a massive total of $20 billion
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Another reason to raise interest rates in the coming years and stick it to the middle class.

They're all just treading water right now...

I wonder if Bernanke will wait until a democrat is in office before he starts raising rates.

Trichet, Dodge, King May Follow Bernanke in U-Turn on Policy
September 2007 Rewind: Bernanke's Emotional Rescue
Why Bernanke might need India to'Do a China'

I keep thinking of this quote:
"Double digit is something that is likely to happen for a short period of time," from Greenspan.
Greenspan sees double-digit rates