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Interesting chart that shows the market may be worse off than expected: http://img.photobucket.com/albums/v124/BCStud31/99problems_graph.jpg http://img.photobu

• Psyonic 19y ago
  Funny, but problems should be on the vertical axis (99 problems...) Something like "Type of problem" should be on the bottom.
• Xichekolas 19y ago
  I'm kinda sad you got buried for that... I laughed to no end... even if it is off topic.
  • mrtron 19y ago
    I minored in economics and had an amazing prof for monetary economics. Long story short, he worked for the Bank of Canada doing basically what your Federal Reserve chairman does. The amount of analysis and study that goes into interest rate adjustment is mind blowing. They have 4 teams of experts running amazing models each in a specific technique, and then each team independently reports their results to the board which then decides what action to take. There is literally a mountain of data and factors that come into play. Anyways, the gross oversimplification of the entire process across the news world today resulted in me posting a dumb (I am glad you also found it funny) picture. edit: I feel like I am hedging my karma here against people that do not enjoy the odd bit of humour. edit2: I just remembered a whole lecture that discussed the reason that for interest rate adjustment to work well, everyone has to have full confidence in the federal reserve. So, since confidence levels impact the effectiveness of adjustments, they were probably sitting on this rate hike hoping to do it at the standard time (which was actually bumped up), but to slow the plummeting they took action a bit earlier which may hurt their credibility and the change might not help very much.