Cutting the Rate is the Absolutely WRONG Thing to do; Which, is Why They Will Do It.
I’ve pretty much resigned myself to a rate cut from the Fed tomorrow.
But, it is the wrong thing to do for the economy. Yes, I know the bond market wants it, the stock market wants it and just about everyone out there is clamoring for it.
But…
Lower rates will
push the dollar further down
drive foreign investors OUT [...]
We Are Already In A Recession, We Just Don’t Know It Yet.
I’m going out on a limb here but I really do think when the dust settles and the hindsight clears this quarter will mark the start of the recession.
I had hopes it could be averted and I still have hopes it can be minimized but I am a realist.
When the Fed dropped the rates 50 [...]
Will Institutional Money Freeze Out the Small Investor?
Cash is King and the best deals will always be had by those with the means to act quickly and decisively.
There are some media reports talking about some very well funded groups taking advantage of the housing market problems, especially in Florida. Many of these reports try to portray these groups as predatory and swooping [...]
