G&D...DOES IT AGAIN... WE CALLED THE 25 BP CUT...AND THE 100 POINT DROP ...AS PREDICTED HERE...
I DO THINK THAT FED HAS TO BE WORRIED ABOUT THE EFFECT OF THE CUT ON THE OIL MARKETS...
REALLY $4 GAS WOULD DO MORE DAMAGE THAN A 25 BP CUT COULD EVER REPAIR...
THE FED IS ON THIN ICE HERE... AND I THINK THEY KNOW IT...
AS TO THE MARKETS...THE DOW...THEY ARE PROTECTED...NOTHING TO WORRY ABOUT ON THE MAJOR AVERAGES...
THE WORRY IS AT THE GAS PUMP AND THE SUPERMARKET CHECK OUT CASHIER...!
THE RICH AND THE FED WILL KEEP THEIR BELOVED "PAPER ASSETS" WELL INFLATED...TO THE DISMAY OF MAIN STREET AND ORDINARY PEOPLE...WHICH IS GETTING ANOTHER KIND OF INFLATION!! THE REAL KIND...
