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Fed cut by 50 bps. The only reason to do this is to try to temper the cost of servicing the deficit
They could have done a 25pt token cut, but no.
The Fed has outright shown it is just another partisan captured institution.
They could have done a 25pt token cut, but no.
The Fed has outright shown it is just another partisan captured institution.
Nope, it was a sell the news situation to freak out the retail traders to try and get them to sell. The Big Boys bought back in during the overnight futures markets.
Markets manipulated...heaven forbid
The Fed should not exist. It is a blight on not only the US, but all of humanity:
- They bail out big banks who make bad bets.
- They steal cash from everyone holding dollars, aka the inflation rate.
- No doubt they tip off the well-connected on the direction of interest rates so they can make a killing in the bond market at the expense of fair players.
Money should be physical metal silver by weight in everyone's hands, and interest rates should always be set by the market alone.
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