continuing on the stock market dip from last week and the article I posted about the U.S. and world governments funnelling money into the broken systems: first articles here
US Federal Reserve announces cut in interest rates
Essentially, although the Fed and other monetary policy makers were originally trying to prevent inflation (as the dollar continues to drop in worth...- many small articles over the past month have detailed how prices of certain individual goods are rising- it was milk this wednesday, up 20%), they've decided that continuing economic growth is a more immediate priority. Much insecurity about interest/loan companies have seen lenders bottom out, and a rush away from the real estate market, which is essentially built off of borrowing money. The Fed is probably hoping that this interest rate cut will show investors that they can have faith in the dipping market since the government is apparently unwilling to let things deteriorate... Many expect a further cut in interest rates.
I see it as using clay to plug a small hole in the bottom of the a boat adrift on the ocean. It'll help for the time being, but people are still spooked about drowning and question the entire structure. Plus, you're going to eventually run out of clay...
also:
Full transcript of yesterday's Democratic Debate in Iowa
For anyone who cares about the Dems or would like to hear what's being said to the voting public.