Wall Street Worries About Fed

CNNMoney.com:

U.S. stock futures were weaker Thursday amid uncertainty over whether the Federal Reserve will cut short-term interest rates.

At 7:06 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value pointing to a negative start for Wall Street.

Hopes that the Federal Reserve will cut rates were hit after a report in the Wall Street Journal said the central bank may not rush to the rescue of investors.

Read the whole story: CNNMoney.com

Comments

[reece5309]

06:21 PM on 08/30/2007

look on the bright side mexican semi trucks loaded with who knows what start crossing the border saturday

[getoffmedz]

06:09 PM on 08/30/2007

DELICIOUS - turn off your capslock more folks will read you that way.

Some of your Comments are good but most will pass them right over.

In blog land all caps is SCREAMING, SHOUTING AND JUST PLAIN RUDE.

Get it?

Use caps for impact. A tip.

[BuyRubles]

06:20 PM on 08/30/2007

lol

[DELICIOUS]

05:00 PM on 08/30/2007

HAVE YOU SEEN THE LATE CHARGES OF $29-35 IF YOUR PAYMENT ON A CREDIT CARD IS LATE AND THEN THE INTEREST RATE JUMPS IN SOME CASES TO 35% ON THE BALANCE.THIS IS LIKE LOAN SHARKING AND IS RIGHT IN LINE WITH THE BU$H IDEOLOGY ON FISCAL GREED. I PAY MY CREDIT CARD OFF EVERY MONTH HOWEVER ONE MONTH THEY TRIED TO CHARGE ME A LATE FEE...THEN IT TURNED OUT THEY SAID THEY NEVER RECEIVED MY PAYMENT..THEY TOOK THE LATE CHARGE OFF AFTER I CALLED ARE SENT IN A DUPLICATE PAYMENT RIGHT AWAY. HOWEVER, THE "LOST" PAYMENT NEVER WAS RETURNED TO ME VIA THE POST OFFICE. I THINK THE COMPANIES DESTROY SOME OF THESE PAYMENTS SO THEY CAN MAKE MORE MONEY NOT THAT THEY NEVER RECEIVED IT.

[BuyRubles]

02:36 PM on 08/30/2007

you clearly don't know what you're talking about

[BuyRubles]

02:35 PM on 08/30/2007

stfu

[emerywood]

01:51 PM on 08/30/2007

Relax !
There has not been a financial crisis in the history of this country that had not been resolved by interest rate reduction. And this crisis doesn't look like it's the first one. The whole thing still looks early and controllable. Indeed, it may take some time for the economy to recover and consumption to come back. But then, it is about time that we cut back on our profligate spending. We can't rely on credit and debt forever, not on a national scale or as individuals.

[MetalCanuck]

01:17 PM on 08/30/2007

Mark my words, if the fed starts cutting interest rates we will be in far more trouble than we are in now. Inflation will explode faster than ever.

Buy gold and silver folks because the big bankers a about to fleece all of the sheep again like they did in 1929.

Do not be fooled by ups and downs in gold and silver prices because they are manipulated by central banks who sell the reserves to lower the price of metals and create the illusion that the dollar is not devalued.

Gold and silver = Real money

Paper is just paper, parker brothers has monopoly money that is technically just as valuable.

[vippy]

01:14 PM on 08/30/2007

I hear a lot of resentment pointed at the borrowers. Not so! Who made all of this possible? Who passed laws that one can get money by cashing in on the home equity? I saw the problem coming when this law was passed in Texas. This could make you lose your house but
people voted for it. Bush bragged about the
good economy when actually it was made available with credit, ergo a "house of cards."
I blame those who tricked the public first!

[DELICIOUS]

01:13 PM on 08/30/2007

THE AVEVERAGE AMERICAN IE: MIDDLE AND LOW INCOME FAMILIES AND INDIVIDUALS DON'T GIVE A RATS @$$ ABOUT THE GDP, INFLATION ETC. WHAT CONCERNS THEM IS WHAT THEY HAVE TO SPEND AND WHAT THEY CAN AFFORD. LATELY THE HAVE BEEN SPENDING WHAT THEY CAN'T AFFORD AND NOW THAT HAS COME TO A SCREECHING HALT. THE AMERICAN CONSUMER NOW KNOWS THE PIPER HAS TO BE PAID AND THE ONLY ONES MAKING IT ARE THE GREEDY OVERCOMPENSATED PARASITES (GOP) AND CORPORATE UNAMERICA. MAYBE IT IS TIME WE HIT THEM WHERE IT HURTS MOST RIGHT IN THEIR BILLION DOLLAR RETIREMENT PACKAGES, YACHTS, SPORTS CARS AND 8 AND 10 HOMES ALL OVER THE WORLD.TAKE THAT YOU GREEDY HYPOCRITES AND PUT THAT IN YOUR OFF SHORE ACCOUNTS.

[grainger5]

11:31 AM on 08/30/2007

Fucking locusts.

[grainger5]

11:31 AM on 08/30/2007

I think the government (obviously not the Bush Administration) should freeze trading, prices, and wages, and order the Fed and other agencies to figure out how to repair our broken financial system, and get rid of misleading and wrong indicators, like jobless claims data, which is a lot of nonsense.

I know you vultures out there making money will not agree.

[nomoredead]

11:19 AM on 08/30/2007

Because of the credit crunch, car sales are dropping also........the snowball starts down the hill. Stand back.

[Enid]

10:53 AM on 08/30/2007

My understanding is that all federal tax money that is collected per year ALL
goes to pay interest we pay to these bankers.

1900 We the US were a pay as you go no borrowing.

With the Federal Reserve we became borrowers

and slaves to interest and taxes

It was all planned not an accident

[tricky69]

10:37 AM on 08/30/2007

Why don't you, Huffington Post, be honest with your readers and tell them what the Federal Reserve really is? It's neither federal nor a reserve. It's a fraudulent group of private men who control OUR money. The U.S. government has NO control over them, and the "money" has NO backing by either gold or silver. The bankers and Congress have hoodwinked the public since 1913, when the Federal Reserve Banking Act was passed on Dec. 23, 1913. Why hasn't the mainstream media pointed this illegal act out to the public? Why has it been allowed to continue at the detriment of the people? The Constitution, remember that, states that ONLY Congress can create and issue OUR money, period! And they added an income tax that wasn't ratified by any state as well! As Ron Paul has stated, the FED should be abolished and the issuance of OUR money should be in OUR hands, not theirs! But the scarier thought is how complicit the government, the Supreme Court, Congress, the media, the military, and others have been in destroying lives, countries, and trust in doing things the right and legal way. The truth IS the enemy of the state. YOU know it, and we the informed know it as well. If the media ever did the job that we thought they were doing, outing government crimes and power grabs, then the things that have gone on for centuries and generations would NEVER have seen the light of day at the magnitude they have. Your just another propaganda tool for the elites.

[OleHippieChick]

10:10 AM on 08/30/2007

And they say they hate nanny government. F-f-f-f-f.