So the fed cut rates a day early by 1/2 a %...investorts say, not enough!
luminarywatch
08-10-2008, 03:17 PM
First the bailout, then the rate cut. They're loading everything up to pour more gas on the fire in attempts to put it out. I know, it's insane, but that's what they're doing, and it's only going to make things worse. They're going to try to loan the country out of its problems created by too many loans and a sluggish economy. It's going to backfire. Anybody with common sense knows it's going to get a lot worse because of the failed(intentionally so) policies coming out today in response. Gas won't continue to remain low. Gas prices have only sagged in recent weeks because of November 4. My birthday, but more importantly, the date of the Presidential elections. After elections are over, gas will go back up again. Government spending on war is still high, and now the government added to the deficit $700 billion that wasn't there for the bailout. The fundamental economic problems contributing to the credit crisis aren't resolved, and expanded credit will only worsen the situation. Inflation is going to increase, and that's going cause Depression. Through and following the depression, deflation will occur, and people will lose everything someone else gains--like the Great Depression.