Rate cut!

[DavidS]

The rate is now 1.5% because of a half point rate cut overnight. The world markets plunged before this, with the Japanese stocks down nearly 10%. Russian stocks have been halted so many times, they're not going to resume until 2010.

 

[editec]

Smell the desperation?

The stink of fear is so thick you can cut it with a knife.

This is the inevitable outcome when we allow the system to reward such a small segment of the population and keep screwing the working classes.

Eventually the working classes cannot buy stuff, they cannot pay the outrageous prices for homes and oil and get to work to keep the economy going.

Atlas isn't shurggging, the ground under ATlas's feet is eroding.

Income disparity strikes again.

 

[Paulie]

Printing up that money to fend off the deflation that we otherwise NEED. The result? How about another massive bubble? How does that sound? Because as you all should realize by now, a bubble is the inevitable outcome of cheap money.

 

[glockmail]

Time for another re-fi.