Bloomberg.com: Worldwide/ Fed prime rate

No rate cut! It seems the Fed is telling us it is fighting inflation!
Though as i recall their are two ways to create inflation.
One is the Fed prints more money and makes it available to the regional
banks. That's the big one.
And the second is an adjustment in product shelf price.
And also it is my understanding the Fed prefers inflation as it diminishes
the national debt. And the international balance of payment.

I'm sure no economist but i can recognize a 'clouding of the facts and the
issues' when they also give us the Bronx salute at the same time.

Also, the market in it self is now tightening lending standards which will
work to lessen any housing mkt inflation.

So what is the FED actually doing?
It is keeping interest rates the same because they would have had a sell off
of treasury bonds if they had dropped interest rates. Foreign buyers would
have gone somewhere else to invest and which they actually are already
doing.
But they can't say that because some folk just might say to themselves
"Exactly, what are they borrowing that money for?"
And who will have to pay it back through wage taxes?
And then not everyone but a few here and there will conclude it's to buy
even more weapons to fight more wars. And then someone might even ponder the
question: Gee, i wonder who gets this money in the end that comes from these
foreigners and that i will have to pay back.?

Why golly gee! It's the corporate weapons manufactures who have a wicker (or
wicked if you prefer) basket at the end of this horn of plenty.

If you find some fault or error in my choo choo train of thought and i seem
to have the train pulling in to the wrong reality yard. We'll point it out
and i will gladly share it with this string of concerned thinkers.

So it is more than we are being misled by the money rulers. We are also
expected to pay for every lie they tell us.
This whole mess is far larger than March 2000 when the NASDAQ went splat.
And the FED then eventually took the prime rate down to 1%. That money in
the mkt was paper Mache money and was lost in a few months as the NASDAQ
sunk.
Not this time as this is where we live. House is home.... and raising the
mortgage rates which is happening and without the help of the Fed is going
to absorb 1.5 trillion in home dollars this year. And then the street...
will be home for many of us.
Another million or more ARM mortgages kick in next year for about a three
hundred to four hundred dollar monthly payment increase per mortgage.

Oh, if they are forced to raise the Fed prime rate to attract foreign
lenders and it completely kills the home construction and R.E. industry.
They will do that too as selling FED bonds to support the wars and the
weapons contractors comes first.

and you can write your congress person about any issues you like as they are
each furnished commercial paper shredders to deal with pesky problems like
people complaining they are being robbed.
And for the real pesky they have the Patriot act and you may laugh. But i
understand any of us could now be a guest of the government for complaining
just about just anything.