Ladies and Gentlemen,
This move by the Fed (75 basis point cut) coupled with a planned fiscal stimulus was/is probably a good idea. In hindsight, people are going to talk about bubble creation and such, but here on the ground, for people who are worried about losing their jobs or not getting one and for people who just want to pay the rent or mortgage, it’s definitely going to keep some heads above water. Moreover, all things considered, the dollar should hold up*.
*dollar should hold up. That’s not to say some dumb foreign money won’t be somewhat impulsive and destabilize the system, but if the giants (industrialized nations) keep their heads about them, Amerikana and friends will be able to pull the global economy through.