Ebi

The Fed Capitulates, But Will It Help?

The Fed's recent cut of 75bps confirmed the market fear and do not restore confidence. The current global assets bubble (property) needs to correct itself. Inflation has to be controlled. I believe we are heading for a stagflation, where monetary policy is faced with a rising inflation and weak economic growth. The Fed should let the market correct itself. What happen to 'laissez faire'?