If the fed cuts tomorrow and hints at more cuts, the economy is in trouble. Buyers will put off buying and wait for the lower rates, this will cause a major slow down in purchasing, but may save the ones who are deeply in debt with home equity loans, trouble is the ones in debt don't have the buying power to support the economy, they did several years ago. The fed should do nothing. they should let the folks who can't manage their finances properly fail, it's a hard lesson but they should learn from these mistakes and move on. The fed and government should not bail out reckless behavior, its sends a terrible message, and may cause more reckless behavior when our county is in a vulnerable state.