[Travis McGee]

"If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Federal Reserve System would take steps to ease the money market and so check the movement."~~Harvard Economic Society, October 19, 1929

[misterrob]

We have a grand slam here...

Recessionary pressures

Inflationary pressures

Access to credit being strangled

Insolvency

lowering rates is how you ease the recessionary crash into a softer landing but the recession itself is how you combat demand side inflation. Oil can keep going up but slower growth means less demand and the futures market crashes.

The access to credit and solvency issues have to be addressed though. A worldwide depression isn’t going to be in anyone’s best interests.

[nicmarlo]

"If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Federal Reserve System would take steps to ease the money market and so check the movement."
~~Harvard Economic Society, October 19, 1929

gotta love these economic brainiacs!