Wall Street didn’t have a good day. Not as mad as some feared, but still a 125 point drop. The fed cut the prime interest rate 3/4 of a point today, but Wall Street didn’t seem to be overly impressed. The future?
The Fed meets again next week – expect another cut
The guy is coming unglued and is going to take us all down because he’s simply not up to the task. If the panic today failed to jolt people, that’s OK because next Tuesday the Fed starts it’s official meeting where they are expected to lower interest rates another 1/2 point down to 3%. This radical action is not going to solve the [...]
Tags: Economy
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.