Finger pointing is all over the place. There are millions of people who are blindly/mindlessly contributing to retirement accounts, flooding Wall Street with cash, under the guise of “security for their future”
Most people have no clue what they are doing JUST LIKE the ones who bought houses with no clue to real value.
The big boys are scared and don’t know what to do.
Mao’s Little Red Book didn’t address this situation.
They NEED to protect the system, and perpetuate the myth.
What they said wasn’t an industry & Wall Street bailout is EXACTLY a bailout.
The FF rate cut was good for less than 24 hours. I’m guessing if there had not been a cut, DOW would have been down 600-700 points. (That down day is still coming)
A 25 point cut with a statement to monitor would have been fine. A 50 point cut confirms that they are so scared and aren’t sure what to do. Let the dollar fall, forget about inflation for now.
Don’t forget, they ALWAYS say “We are doing everything that we can” I just LOVE that line !!!
