Good news! I'm sure there will be further rate cuts! What the Fed is now saying is very clear: inflation does not exist because we are in recession and since the financial and housing credit crises are getting worse, the Fed must continue to lower interest rates. Ben is the star and honey of Wall Street and oil price's retreat is the fairy from Wonderland to save Wall Street.
We will soon return to the good old days when the housing and stock markets were rising everyday. If oil price goes up again, you should be very happy because that means we are out of recession and all our assets and investments are going up everyday. This is the greatest achievement of the Fed and I'm sure the newly elected president, whether he comes from the democrats or republicans, will sit on his throne and share glorious days with all men on earth!
God bless us all.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment