tag:blogger.com,1999:blog-28066888.post4091004474014427176..comments2007-08-17T11:06:43.574-05:00Comments on Paul Knag: Fed Discount Rate Cut .50% - Bernanke Throws Mone...Adminnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-28066888.post-29870797961186586332007-08-17T11:06:00.000-05:002007-08-17T11:06:00.000-05:00I don't disagree that it was needed. I am now wor...I don't disagree that it was needed. I am now worried about the effects this concession will have on the value of the US Dollar. Already the dollar is trading down versus the euro and pound for the first time this week. To some degree, the more the goverment moves to save our domestic housing market, the weaker we become as a global economic power.Phttp://www.blogger.com/profile/11759676144675444488noreply@blogger.comtag:blogger.com,1999:blog-28066888.post-74612160931178038722007-08-17T09:26:00.000-05:002007-08-17T09:26:00.000-05:00One thing it does finally indicate is that the Fed...One thing it does finally indicate is that the Fed is awake and no longer JUST beating the drum on inflation. I think this is a very positive sign as to the Fed's indication of current market conditions. They are not asleep at the wheel after all.Anonymousnoreply@blogger.com