Haaretz Service and News Agencies: Finance Min.: We won't hesitate to act against dropping dollar
Talkback
Title:The Fed is running out of ammo
Name:Clickfool
City: SussexState: England
Be very, very careful of this classic Dead Cat bounce.
There are countless more financial corpses ready to fall out of the world`s closets.
We`ve only seen the start of the mayhem.
US interest rates are now down to 2.5%.
What will the Fed do when the next horrendous body is discovered?
And after that?
You`d have to be mad to buy anything at the moment.
Stay as liquid as you possibly can be and pay off debt. If you CAN sell property at a profit, do so.
There`s a Tsunami coming.