To: Barney Gumble
If a surprise .75 rate cut doesnt help, Im not sure what will. Who says the markets are rational?Tell me how a rate cut help folks pay higher energy bills and the increase in property taxes from Greenspam's property bubble, and the higher food costs from higher energy and the redirection of agricutlural resources to subsidized alcohol?
I don't see how this helps anyone beside some banks that are about to go down.
To: AndyJackson
I don't see how this helps anyone beside some banks that are about to go down.
If the Banks go down, there will be a volume contraction of
Biblical Proportions in the availability of money...
Businesses can't borrow
Financial markets cannot transact
There would be an enormous loss of the multiplication factor.
You really do no want the financial markets to crash
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