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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: westpacific who wrote (78528)4/30/2008 3:48:38 PM
From: $Mogul  Read Replies (3) of 116555
 
Truth is the economy is in a lot worse shape then most want to admit and the .25 cut was a clear indication of that. Banks still desperatly need liquidity, and they are keeping the spread to themselves that they once passed on to customers. That is how bad it really is. Actions always speak louder then words, and the Fed and economy cannot afford to not cut.

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