I keep hearing from others asking who is benefiting from all these interest rate cuts...Clearly it's not the American middle class. I can only assume it's the large banks, corporations etc.
Mostly commodities traders (oil, wheat, gold) and to a lesser extent stock holders. It also benefits politicians because they can spend more without raising taxes. Some people will say exporters will benefit, but that is just silly. Would you rather sell 10 747s for 10M Euro, or have to sell 12 747s for 10M Euro? Yay..exports went up..but we only get paid the same.