The Bank of England reduced rates today by 150(!!!) bps … a RECORD CUT. ECB and SNB did 50 bps … In a non-concerted action … they are all THAT independent … Markets still sold off as it is regarded as hectic, too late (BoE) or NOT sufficient (ECB). Anyway … as the crisis is [...]

Fed cuts rate to 1%, highlighting the weakness of everything … Market seemed to respond positively … until the last “ten” minutes Then Dow dropped more than 300 points to close down “small”. Why? GE’s CEO was quoted saying, that his company aims to keep next year’s profit the same as 2008. Don’t we all [...]

Today morning, Australia (100bps) and India (50bps) cut their rates, Japan stuck to its already low rates. So hopes rise to see some more action this week. Pimco’s Bill Gross recommends that the FED should cut rates down to just 1 % in October.

Interesting thing today!!! The FED announced, it will start paying interest on bank reserves. This will open the door to take over the money market as banks don’t trust each other. GOOD MOVE!!! At the same time, the FED said, it will DOUBLE the “firepower” until the year end. The FED is as well talking [...]

Difficult day tomorrow … a “half day” in America with Friday being a national holiday … And the markets are at the cliff’s edge … still balancing … but without any firm grip … What will we see??? – the third bounce from this level … which would be very rare? – a short lived [...]

ECB and FED are afraid … they talked the truth … at least a bit … The market reacted … that made them scared … them, the stupid cheerleading manipulators Now they start again talking markets up … – We said SMALL rate hikes only – We are in NO HURRY to hike – We [...]

Fed seemingly got the message of the ECB … The message is … We waited long enough … now you should have your problems solved … We will start hiking rates … follow or bury the US $ Reckless naughty french boy … Mr Trichet … his friends call him J.C. Today … two FED [...]

ECB today made clear, that there is NO CHANCE for a rate cut … Due to the current inflation picture, most of the ECB council members see a case for a RATE HIKE … Trichet sees the possibility for a JULY “small” rate hike … So … this means NO MORE RATE CUTS … neither [...]