Looks Like We Need ANOTHER "EMERGENCY" RATE CUT

At this rate they won't be ABLE cut at next week's meeting... they will already be out of bullets.

 

I don't think it will help in the long run anyway. I don't think they can do anything at this point. Just gotta let the markets do their thing and shake out the excess and stupid. By putting off the inevitable for so long, they just make it worse.

Consumers are so maxed out now that without the household ATM's, even a 1% rate isn't going to help all that much.