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you guys should burn the FED and hang all their wallstreet budies, since these rate cuts in face of high inflation are really insane and are only there to save their asses.
from someone else, simply said:
""Poor Ben can't understand that the US export economy can't make up for the losses in the financials and dropping rates to take away (or devalue through inflation) capital from the non-financial sector will only result in more unemployment and an even bigger recession""
Barrel of oil for 110 and they cut?
Their cuttings creates huge bubble in speculation against US dollar and in oil, therefore Joe six pack has to pay more for all imported things.
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