IT IS TRUE THAT THE HOUSE BUBBLE HAS POPPED AND THOSE ASSETS ARE WORTH LESS NOW...BECAUSE PEOPLE CAN'T PAY THEIR DEBTS... BUT HOW WILL A RATE CUT HELP..? IT ONLY ALLOWS MORE PEOPLE TO TAKE OUT DEBTS THEY CAN'T PAY...!
BUT STOCKS ARE NOT DOWN... STOCKS HAVE RALLIED WILDLY ALL YEAR...
AND FOR THIS THEY WANT A RATE CUT...?
NONSENSE... AND EVERYONE KNOWS IT...
