What can they do? cut another 1.00%. cut 2.00% they should not have cut so much so fast. As we can see it did no good.
Are you insane, do you want $175 oil.... If oil continues to keep moving higher the markets will go no where but DOWN, if oil gets to $150, $160, $170, $180 the DOW WILL FALL BELOW 10k, That is CERTAIN. Just to let everyone know, $100+ is breaking the economy, it has finally settled in, it took some time but from here on in every time oil moves a bit higher equities will continue to drop. The market held up with $50, $60, $70, $80 and $90 oil but it has not found its tipping point, with oil remaining where it is the market has no where to go but down. Keep begging for more rate cuts, this is why this market is where it is today, dont you comprehend that lowering rates is not the way to fix the problem. Keep pushing for lower rates and watch how worse this economy does. Its already in a recession but for some reason you dont understand that. WE ARE IN A BEAR MARKET WE ARE IN A RECESSION Why doesnt anyone understand this.
they hold steady and the market crash's and oil soars we're flying with all hydrolic lines cut http://en.wikipedia.org/wiki/United_Airlines_Flight_232
Energy has to give or the economy will fall even deeper into a recession. Something has to give sooner or later.