Blog > US Stocks and Markets > Blog article: Fed Rate Cut: Bernanke’s silver bullets
 | Email This Article Email This Article  | 

Fed Rate Cut: Bernanke’s silver bullets

Posted May 2, 2008

“At this point, Ben Bernanke has to feel like Barney Fife. Remember how on the Andy Griffith Show, Andy only gave Barney one bullet and he had to keep it in his pocket? Mr. Bernanke has to feel like he is running out of bullets and needs to keep them in his pocket.” — Rick Pendergraft

by Rick Pendergraft

Baltimore – (TFN): The Federal Reserve made another quarter of a point rate cut yesterday, bringing the target Fed Funds rate down to 2%. This makes 3.25% the Fed has shaved off the rate since last summer.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

USGS recently admitted, “It’s the largest continuous oil accumulation the agency ever assessed.”

Today, just 470 miles from Helena, Montana, America’s greatest wealth boom is fast - and secretly - underway.

In short, thanks to a unique technological breakthrough, a group of scientists just unlocked the largest oil deposit in U.S. history…

In fact, the three outfits leading the way each averaged 21% gains within the past 11 days. And they’re just getting started. To find out how each one could triple your money - this year. Receive your free report.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

At this point, Ben Bernanke has to feel like Barney Fife. Remember how on the Andy Griffith Show, Andy only gave Barney one bullet and he had to keep it in his pocket? Mr. Bernanke has to feel like he is running out of bullets and needs to keep them in his pocket. The economy isn’t improving the way he had hoped. With the cuts being done in 25 basis point increments, the most the Fed has left is nine. Of course, they could go the same route as the Bank of Japan and start cutting by 10 basis points.

It won’t be long until the Fed has to make inflation the main concern and at that point, they will have to make moves to strengthen the dollar. This would help counter act the tremendous rise in oil prices.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

iForex — Free one-on-one training, 24hr Support, D/room — Trade & Profit

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The rise in oil is much steeper when it’s looked at in dollars rather than euros. View a chart, and read on to learn more.

****Make sure you sign up for our free TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have the feed delivered to your email.


Related Articles


Posted by Rick Pendergraft · Filed Under US Stocks and Markets 

Comments

close Reblog this comment
Powered by Disqus · Learn more
blog comments powered by Disqus