Reply #50: The Fed made.... [View All]

[sendero]

... unprecedented, and unprecedently bad, between meetings cut.

The Fed cuts help the markets a lot more than they do the actual economy.

I've never said there will be a depression, but ruling one out would be foolhardy. At the very least we ARE going to have a long recession, that's bad enough.

And as someone who clearly plays the markets, you should know full well that a rally day or two in the midst of down days doesn't mean much at all. Markets never go straight down, too many traders cannot accept reality.