Fro

'Slow Growth' Or Recession?

Gary is correct - Wall Street has forced the Fed's hand. That is ultimately why the rate cut will not slow down the recession - The Fed is 2 steps behind investor sentiment, rather than leading it towards optimism.
The market has already priced in 50bp. And the indexes are tumbling - fast. This recession is due to standstill in credit markets, especially on the American front. Housing is deflating, CMBS is beginning to unravel, and retailers can't sell product. Where is the money supposed to go? Who do you loan to?