Archive for August 29th, 2007

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Wednesday, August 29th, 2007

Will a Fed rate-cutting program bail out Wall Street?

In my posting of August 17 I gave reasons why the Fed’s cut of the discount window rate on that day did not come as a surprise. Given the severity of the credit squeeze and the ramifications for the US economy at large, I also commented that a number of rate cuts in quick succession could […]

1 Comment » - Posted in Money, Stocks, Wall Street, Markets, Investment, Economy, Equities, Finance, Business by Prieur du Plessis