Market watches think the Fed is most likely going to cut rates despite reports of a second straight quarter of growth. The economy is doing pretty well despite the mortgage blow-up.

Wall Street and the traders are forcing the Fed's hand and it looks like Bernanke is going to capitulate. This will mean higher inflation for those of use who save and a lifeline for everyone who has borrowed in excess. No wonder we have such a low savings rate. It doesn't pay to save.

 

Submitted: Oct 29, 2007    Views: 254    Comments: 0    Likes: 5   


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