Walter Mundell

Warning Signs of a Modern Depression: See 1990 Japan

Dont agree. In Japan Nikkei PE Ratio was 100X in 1989. And the financial system was a mess. Companies like Toyota, Mitsubish, Honda...were inefficient. Japan still is a somewhat inflexible economy.
On the other hand, US is efficient, highly productive and the S&P500 plunged 20%. PE Ratio is around 17X, not cheap, but hardly expensive.
And by the way, FED is much better than BOJ...
Time to buy stocks...

Do Rate Cuts Really Make an Impact?

Sorry, I dont agree. History tell us (and spreadsheets) that stock markets, 80% of time, increase prices when the economy is growing. And, when the economy is growing, inflation expectations increase too, as the FED Funds.
Stocks do better when FED Rates are increasing, as the yield curve too.
A quick look at some charts can tell you the facts.