Now comes the phase in which whatever Fed/gov does is viewed as yet another indication of looming catastrophe. $700bn, a sign of catastrophe; rate cut, another sign of catastrophe; do nothing, probably a sign of total capitulation.
This could be Warp 9 crash alright.
Now comes the phase in which whatever Fed/gov does is viewed as yet another indication of looming catastrophe. $700bn, a sign of catastrophe; rate cut, another sign of catastrophe; do nothing, probably a sign of total capitulation. This could be Warp 9 crash alright. The Fed has thrown everything at this but the kitchen sink and, so far, it hasn't stopped the slide. I know there is an answer even now and I hope they find it and soon!