Rate Cut, watch out for 90 bucks a barrel

and this is great:

http://www.bloomberg.com/apps/news?p...7&sid=aYBOOiT5

Sept. 18 (Bloomberg) -- The U.S. economy will head into a ``serious'' recession and the dollar will ``collapse'' if Federal Reserve Chairman Ben S. Bernanke reduces interest rates, investor Jim Rogers said.

``Every time the Fed turns around to save its friends on Wall Street, it makes the situation worse,'' Rogers said in an interview from Shanghai. ``If Bernanke starts running those printing presses even faster than he's doing already, yes we are going to have a serious recession. The dollar's going to collapse, the bond market's going to collapse. There's going to be a lot of problems in the U.S.'' "

I just bought myself a bike...Thanks

WOW....i may have to trade in the Escalade for a hybrid : (

http://www.telegraph.co.uk/money/mai.../bcnfed119.xml

History won't treat 'Bernanke put' kindly
By Tom Stevenson

Wall Street raised a 300-point cheer to Ben Bernanke after he unexpectedly slashed US interest rates by half a percentage point rather than the quarter-point cut most investors expected. History will not treat the "Bernanke put" so kindly.

Alan Greenspan, the Fed chairman's celebrated predecessor, spent 20 years putting off the day of reckoning by cutting the cost of money at the first whiff of trouble.

That increasingly discredited policy simply shifted America's bubbles from one part of the economy to another and will increase the size of the bill when it eventually comes to be paid.

Bernanke had the opportunity to signal a break with the past and he fluffed it. Fears that "Helicopter Ben" is just a chip off the old block look spot on.

There are two possible readings of the Fed's decision. Either there's something nasty in the woodwork that we haven't fully understood or Wall Street's cheap money addicts have simply been handed one more fix for their catastrophic habit.

The statement accompanying the first cut in four years underscored the confusion at the heart of the US's politically-driven monetary policy. The FOMC noted that inflation risks remain ? and we'll know more clearly today how serious the threat from rising prices is ? but in a pre-election year no one is prepared for the tough love required. This was Ben's first big test. He's blown it.

"watch out for 90 bucks a barrel" became reality - exactly after one month. I wrote here.

Its not that hard to make another prediction with todays rate cut, watch out for 100 bucks a barrel.