Quote:
Originally Posted by beshannon
Fed Funds rate is now in the range of 1.00% to 1.25%. There is little left if there is a real crisis like 2008. This cut today actually (IMHO) makes things worse...
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The fact that the market still tanked today, even after a massive fed drop in interest rates, is probably the most worrisome indicator on the direction of the market.
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“The real problem of humanity is we have Paleolithic emotions, medieval institutions, and godlike technology.”
-Edward O. Wilson
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