Here’s a Rumor I Believe

There is a rumor that the Fed will cut interest rates 100 basis points next week (1%) in coordination with other central banks. Yeah, I wouldn’t be at all surprised to see that happen. Just what a drunken man needs, more whiskey. I imagine it will give a nice jolt to the stock market, but will fail in the end, just like everything else that Bernanke’s done.

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