Malcolm,
I'm looking for a 50bp cut myself, but a 25bp cut isn't out of the question. I also read that CDO's are becoming dissolvent at a higher rate than previously expected which means the credit markets are still not functioning properly and that is really what it's about. However we'll have to wait and see, in the mean time the USD/CHF should be a good play.
I'm looking for a 50bp cut myself, but a 25bp cut isn't out of the question. I also read that CDO's are becoming dissolvent at a higher rate than previously expected which means the credit markets are still not functioning properly and that is really what it's about. However we'll have to wait and see, in the mean time the USD/CHF should be a good play.
Patience + Humility + Study = Success