I like how the answer to everything is to lower the fed funds rate again… that will fix all our problems, and then home prices will fly back up again.
As if the dollar isn’t already weak enough, inflation high enough(I believe its higher than what is being quoted to us), and our savings rate negative enough.
America is addicted to credit, and we want even more of the drug that is responsible for getting us to where we are now. What a shame that apparently everyone thinks we need to finance ourselves out of trouble.
I don’t think a rate cut would save us anyways, but I wouldn’t be surprised if we tried it, because thats the mentality that we have had lately.
