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Furtune Magazine editor calls for holding the rates at 4,25%. I personally agree with him:)

"So what is the right course for the Fed? Bernanke should hold the Fed funds rate exactly where it is now, at 4.25%."



One hopes Benanke and the Fed act tomorrow and get off the fence.

It is all very well to say that the Fed should hold the course, but as I write Hong Kong is down another 6% after yesterday's 5%.

Of course, we've all heard about steadfast and tough capitalism, but what happens if the loss of confidence continues...... at what point is perhaps 'Steady as she goes Benanke' a foolish course.

Methinks, Benanke like so many academics, suffers from analysis paralysis (as BIG's featuring of the RBC ad so aptly illustrates.)

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