Quote:
Originally Posted by justjim
Fed should have lowered interest rates at July meeting IMHO.
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Quote:
Originally Posted by Pballer
The market is already coming back off its lows in the hope of a Fed emergency rate cut. Any time the market declines, the Fed considers it to be an emergency.
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There in lies a major problem. Both the country and the consumer are overburdened with unsustainable levels of debt, resulting in interest rates driving the market.