The Cody Word
  • April 30, 2008 04:25 PM EDT by Cody Willard

    The Big 3: Strong Dollar, Where Art Thou?

    1. 25bps after 300? Why Bother?

    2. The Fed Is a Pawn of the Status Quo

    3. When a Free One Costs Twenty

    1. Let's think about this for a second. They cut rates from 5.25% to 2.25% before today's 25 bps move. I can only tell you this -- that idiot bureaucrat named Ben has NO any idea what a 0.25% cut, which is less than 1/10th of how much the Fed's ALREADY cut since this network launched, is going to do.

    2. By cutting rates, printing money and giving it to bankers in exchange of worthless mortgages, intraday liquidity injections...it's enough to make a cowboy like me think the Fed's not actually concerned about the financial system, but it's concerned about making sure the status quo stays status quo. I thought we embraced creative destruction in this country!

    3. Oil, corn, rice, even my once-a-week Snickers Almond is about to jump 20% in price, according my corner bodega. The average American is getting less than 1% of their annual income in the form of those so-called stimulus checks. Ask your politicians to explain how this inflation causing package is going to help American's with the problems of inflation.

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about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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