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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: LTK007 who wrote (67186)8/6/2007 11:38:02 AM
From: mishedlo  Read Replies (4) of 116555
 
Will Rate Cuts Save The Economy?
Cramer says rate cuts will save the economy. Cramer is wrong.
globaleconomicanalysis.blogspot.com
Cramer is wrong because it was the Fed's miracle financing schemes that got us into this mess in the first place. The housing bust is a direct result of miracle financing monetary policy. Thus miracle financing can't be the cure. There is no source of jobs that housing provided. In addition mortgage rates have disconnected from treasuries in a very negative way. Proof of that statement is provided. The miracles have now run out and the party is over no matter what the Fed does.

Mish
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