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After the Fed cut (0.75%), the market rumour mill has begun.

Posted by Adrian on March 19, 2008

I don’t like posting rumours, but the decaying credit market is still in vogue, despite the Fed’s out of control rate cutting policy.

 1) Rumours of emergency ECB and also BoE Meeting – leading to Rumours of Emergency rate cut possibly to ease credit crunch despite inflation concerns. 2) Rumours of another hedge fund in trouble (not surprised though). 3) Rumours of UK bank in trouble likely to be circulating again.”

And some hedge funds want to buy into the distressed mortgage market!

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