wobbly wednesday, page-98

peter.....the fuzzy logic that i read into the argument is that if bernacke cuts rates back to levels that the majority of home owners entered at the fixed rate before they rollover (the majority are due to rollover early next year), it potentially nips in the bud further blowouts in foreclosures - consumers get to keep their homes and continue to consume.... and businesses continue to do their business.

but yes......i agree with you.......bernacke would create a bigger problem if he decides to take this path - however that would most likely be delayed to deal with at a later stages - and the consequence of hyperinflation would probably drive one momma of a market rally that may last a couple of years.

thu no point speculating until the deed is done - or not.

btw - short ftse 6528.