Traders saying Fed will likely slash rates by end of the day. Here some people speculating 100 bp cut.
Perfect, make the dollar more worthless as well. The dollar is the only thing going for us today. One might begin to think they are deliberately trying to tank us...
It's always worked before, right?
The problem for the Fed is “what will it do?”
It isn’t as tho the Fed is in control of interest rates as it is. The Funds rate shows little relation to actual lending rates right now. So let’s chop the funds rate and make the spread a little wider.
[Traders saying Fed will likely slash rates by end of the day. Here some people speculating 100 bp cut.]
Which will do absolutely nothing. The reason for this mess IS paper money and easy credit. Can’t solve an infection by injecting more of the same bacteria.