[Moonman62]

“The Fed will want to keep its options open,” he sad. “By introducing an emergency rate cut, it would send the wrong message out to the market and seriously undermine its credibility.”

Bull. The Fed needs to do a big rate cut now just to keep up with reality.

[Hydroshock]

We need a rate increase to shore up the dollar and to reduce inflation.

[Travis McGee]

The Fed has no magic bullet, no solution.

They drop the rates to protect our national economy, they kill the dollar, which is already losing its status as the world's reserve currency, with all of the tremendous advantages that has given us since Bretton Woods in 44.

Or they raise interest rates to protect the dollar and maintain its world leading status (good luck!) and choke the national economy.

Hobbes choice.

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

~~Ludwig von Mises

[Nervous Tick]

The Fed needs to do a big rate cut now just to keep up with reality keep the bubble nice and inflated, bail out the irresponsible borrowers, lenders, and speculators, and ensure that those who produce, and borrow and spend wisely, bear the burden while the irresponsible walk free.

There. Fixed it.