Tauraso Medical Clinic
Environmental Medicine
Target Ailments
Nutritional Related Diseases
Contact Us
Directions to Clinic
Office Practices
Dr. Tauraso's Curriculum Vitae
Dietary Supplements
Adjunctive Healing Modalities
Treatment Modalities
Dr. Tauraso's Blog
Dr. Tauraso's Medical Updates
Order Online




Sunday, January 27, 2008



On 22 Jan 08, John Browne of MoneyNews.com wrote the following: “This morning the Fed announced an emergency rate cut of 75 basis points to 3.5 percent. It was a great surprise to most investors.
The Fed meeting was the first emergency meeting since Sept. 17, 2001, following 9/11.
But, our readers will not be that surprised. For they will remember that I have been calling for major and urgent Fed rate cuts since the early summer of 2007.”

Just about 5 months ago on 8 August 07, John Browne, in a piece on Financial Intelligence entitled “Fed Cowardice Invites Catastrophe,” said “that the Feds yesterday should have increased the interest rate to 5.5% rather than leaving it the same at 5.25%.”

Is John Browne drinking some of Bill O’ Reilly’s Kool Aid? In January 08 he said he has been calling for a RATE CUT since early summer of 07, but in August of 07 he advocated a RATE HIKE. On August 8, 2007 I wrote a Blog entitled “NEWS MAX HAS IT WRONG TODAY” stating that “John Browne... HAS IT ALL WRONG...”

Although it is human and normal to take credit for what one says, but to take credit for saying something when, in fact, what one said is quite the opposite is disingenuous. Does the man not remember what he wrote? He is the acknowledged expert who has a great forum from which he speaks. But, let’s be honest John Browne!

I have been calling for a rate decrease from the time I began this Blog early in 2007. And if the Feds did it then, we might not be experiencing the potential recessionary problems of today. Additionally, we might have begun to turn the housing debacle around because it was decreasing interest rates so rapidly before the market could adjust that caused the problem. Reversing the situation would have corrected it if it was done early enough. I believed it then. I believe it today. WHY CAN’T THE FEDS GET IT RIGHT? According to John Browne the Fed decreasing the interest rates .75 basis points was not expected by the market. I take issue with John Browne again. The market was expecting it. This is the reason why Bernanke and his people should have decreased it one full basis point. Who is in control here? If you want to be in control and, more importantly, convince the world you are in control, then make the BOLD moves. Then and only then will the world markets move on and upward. Give me one day at the Fed, or if you do not trust me, ask Donald Trump to do it. He recommended a full point move about a week before the Feds moved .75 basis points. That is why Donald makes “the big bucks” and Bernanke has the soft bureaucratic job. If Donald makes a mistake, he loses real money. If Bernanke makes a mistake, he still gets paid.

nicola michael c. Tauraso, M.D.
Director, Tauraso Medical Clinic

Labels: , , ,


Post a Comment

Subscribe to Post Comments [Atom]

<< Home