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They can spin all they want. Bloomberg today reported that inflation is climbing while consumer spending is going down. Fed lowers rates, I am ditching my CD’s like a rock and dropping the dollar like all smart people will do.
I’m not sure the fed *can* lower interest rates; it would kill the dollar. Most other centralized banks have been increasing interest rates lock-step with the feds, because they have inflation too.
As was discussed in another thread here, dropping the fed rate at this point will not save housing. We’ve already reached the point of no return.
Who has any savings to pump into the economy? the consumer only has money borrowed from their houses, the government has money borrowed from other countries. The stock market is toast, rocket man. There will be a couple rallies after the pause, by the bulls who do not understand the situation. Cash is king. Stocks are heading downhill, and gold is overpriced.
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