Some on Wall Street are expecting another 50pt cut next FED meeting, under the premise that it is needed to stimulate the stock market, and the justification that it will help exports.
I don’t buy it. If they cut them again oil will go over $100 and the relatively few companies that benefit from a low dollar will be faced with higher cost everything else as will the American public.
Just look around your home or office and ask yourself how much of the stuff you see is made in the US or somewhere else? Even US grown or produced food will go up with gas.
The FED has become the rich uncle who spoils Wall Street at the expense of John Q Customer. All John has to do is stop spending money, and he may soon have no choice.
