Peter Schiff:
"Think of the Fed as a juggler trying to keep five balls in the air simultaneously. Those balls are the stock market, the bond market, the dollar, the housing market, and the economy. If the Fed tells the truth, all the balls will come crashing down. So it says what it needs to say to keep them all in play. However, my guess is the first ball to fall will be the dollar, which sold off immediately following the release of the Fed's statement. Compounding the problem is a recent report that China may no longer be willing to expand its foreign exchange reserves. This means the dollar ball is about to get a lot heavier. Once the dollar breaks down the bond market ball will be that much more difficult to keep aloft. Once it falls, the rest will soon follow.
The bottom line is that waiting for the next rate cut is going to be a lot like waiting for Godot. The Fed wants everyone to think one is coming, but will likely never deliver the goods. If I am wrong and the Fed actually does cut, expect the easing cycle to be extremely short-lived, as an embarrassed Fed will be forced by the bond and currency markets to quickly reverse course.
Wall Street mistakenly believes that the Fed's job is to keep the expansion going. In reality, the Fed's job is to take the punch bowl away from spendthrift American consumers and the leveraged speculators lending them money. If the Fed were to actually do its job, they would accelerate the onset of the inevitable recession. Perpetuating a phony expansion only compounds the problems that a recession would help solve. However, by repeatedly spiking the punch bowl rather than removing it, the Fed merely guarantees a much bigger hang-over when it inevitably runs dry."
Senkung der Leitzinsen? Auf keinen Fall! Ich habe auch eher in die Richtung von Schiff überlegt.