Quote:
Originally Posted by spunkmaster
I forgot to add that when housing is added to the US Wealth the total is 22 Trillion since 2003.
So far inflation hasn't risen it's head so the Fed has 100-200 basis points to play with when lowering interest rates !
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The Fed really hasnt much more room to play, since every rate cut brings value of USD down and therefore value of oil goes up. With 100 basis cut, you can count on 150 oil, which would squezed out average US family and would bring recession into the US immediately .