From the AP, reported through Yahoo.com, Economy’s tumble even worse than expected in 3Q.
It’s no surprise to anyone that the market is shrinking back to a “real” level, yes, believe it or not, there is pain associated with bloating.
Worst of all is:
To help revive the economy, the Federal Reserve is expected to lower interest rates when its meets on Dec. 16, its last session of the year. Last month, the Fed dropped its key rate to 1 percent, a level seen only once before in the last half-century.
Holy crap! The Fed is going to push interest rates down below 1 percent?? Unbelieveable. What happens when people don’t want to use money to buy goods and services (i.e. being fiscally responsible, paying off bad debts, and saving money, which last time I checked was a good thing?) and the Quasi-Government Counterfeiting Presses, aka The Fed, keeps printing money?
