Swiss Economicblogs.org
Well, that wasn’t he had in mind. The whole point of a rate cut, any rate cut let alone an emergency fifty, is to signal especially the stock market that the Fed is in the business of…something. The public has been led, by and large, to assume that something good happens when the Fed Chair shows up on TV. If you ask anyone to be specific, however, they can’t really answer you beyond the primitive superstition of low rates being especially beneficial to borrowers....
Read More »A Day For Rate Cuts
