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Old November 22nd, 2007, 10:48 AM     #5 (permalink)
outlaw2001it
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Sorry I will have to disagree with you. The Fed's job is to support a strong dollar. When the Fed cut the rates the last time it gave into pressure from the market (investors) who were looking for a rate cut, and not the other way around. The Fed controls our economy, and not the stock market. If the Fed didn't cut interest rates, the market would have been pissed off, and people would have lost money (but that would have meant more money for the government from taxes). Just like right now the market is looking for another rate cut...why? To makes themselves more richer, and for nothing else. The people who play the market are into getting rich...that's it. If you play the market, think as it like gambling...you can win or lose. Right now our economy is so f'ed up, that it's going to take years before we ever get back to having a surplus. In the meantime enjoy the high prices for gas, food, clothes, and everything else that goes with it.

Last edited by outlaw2001it : November 22nd, 2007 at 12:52 PM.
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