We need double digit rates.
Zee markets have been very naughty and need discipline!.
WSJ says do the opposite - hold the line.
They’ll cut by 25 basis points. Their aim is to make the market happy. The only question is whether 25 basis points will do.
I agree. Our Nation needs to learn to work again. And the ugly alternative to a lower dollar is protectionism.
I tend to agree...
Well. Could one of y’all please come speak to my classically homeschooled class of 9th graders who are trying to comprehend Free Market Economics in light of the current events playing out before our eyes? I’ll pay you with a Creole Bread Puddin’ & Whiskey Sauce.......
We need double digit rates.
Zee markets have been very naughty and need discipline!.
That’s funny. Setting the tone for “THE REST OF THE DECADE” sounds dramatic until you realize that’s barely over 2 years.
The decade is 79% over, you babbling twits! Quit waving bloody shirts as if a rate cut means the world is ending. The economic cycle has not been repealed. Expansions are followed by contractions, deal with it.
(Not you, Kaslin, I’m yelling at the twits.)
Wouldn’t the dollar drop even further?
Don’t they have to protect the currency?
Just how much room do you think the Fed has to cut rates before the dollar goes into the tank?
They need to jack rates hard....inflation is wild...think 1973 again...
Our policy makers convinced us we don’t need a manufacturing base, we would be an information economy. At the same time they continued to debase the education system through policies of ego enhancement and political correctness while at the same time debasing the currency by running the printing presses. We borrowed from the Chinese while we moved the greatest manufacturing infrastructure in the world offshore.
Over the last 20 years, while we’ve ditched the base of our economy we’ve lived through three speculative information economy bubbles (S&L crisis, dot com, and now real estate boom). Face it, our nation does not produce items of value to sell to its own people much less the world. Oil is $80 per barrel, versus $28 when Bush came to office, because we’ve sent our productive capacity elsewhere and the Arabs know there is nothing backing the dollar. Lower interest rates and the dollar will drop further against the Euro and the price of oil will rise.
Note that in the recent liquidity crisis it was the Europeans and the Japanese banks that stepped in to support the US, not the Chinese.
Time to focus on rebuilding America. Energy independence (drill in Anwar). Rebuild US manufacturing so we aren’t at risk from shoddy and tainted products. Put in a flat tax. Stop subsidizing private equity firms with a 15% tax bracket while small businesses actually building wealth pay 30%.
Get rid of the speculation on Wall Street. The money men at the investment banks and private equity firms are killing our industrial base with the collusion of big government and politicians on the take from big corporations and China. Take back our economy before we become a third world economy.