gatekeeper

Employment Figures Mean Big Fed Cut, More Dollar Weakness Likely

RE, "..they will have no choice but to cut interest rates by 75bp..."

With rates so low already, it's hard to imagine that additional rate cuts will really be meaningful in inspiring borrowing, etc., to get the economy restarted.

On the other hand, we have new retirees who cringe when another rate cut is announced. What makes this particularly painful for these retirees - e.g., baby boomers - is that their pension plans were eliminated and replaced with 401ks which they now have to invest and survive on the resulting income, along with SS. These investments inevitably involve rate sensitive instruments. Rate cuts now and in the future do and will have a rapid and direct impact on this growing segment of the population.