The Federal Reserve lowered the interest rate ¾ of a point. What was the significance of that move? It makes absolutely no sense to me. Is this a repeat of Richard Whitney's bid of $2.05 for US Steel October 24, 1929? It saved the day and then October 29th all hell broke loose. Maybe it's probably just my imagination running amok.
It’s a little like a fire in a dynamite factory adjacent to a movie theater. If the movie is titled Pearl Harbor, one would marvel at the special effects! The trouble is, it could get a little too real, too fast!
Stay tuned, it's about to hit the fan
Copyright 2008 All rights reserved