I read some interesting stuff months ago about how rate cuts aren't going to help much this time. In previous crisis, turmoil started overseas, Asia, Russia, Brazil, etc., but this time it's homegrown.
Previously, we could pull overseas markets up with our strength, but not this time, this time we don't have much strength, and have no one to pull us up. The global economies are moving more and more in sync, times are changing, IMO.
Notice how people are giving up on the thought that rate cuts will save the world this time?? Rate cut number 7 coming up, wooooooo. |
