Economic news/ REAL SOLUTIONS FOR THE ECONOMY'S PROBLEMS

HERE'S what I wrote in a col umn right before the interest-rate cut by the Federal Reserve.
"PRAY that these aren't the headlines you'll see over the next couple of weeks:
"Fed cuts interest rates." "Dollar collapses in value." "Foreigners move assets into euro." "Rates soar to lure foreigners back." "U.S. economy suffers."
The Federal Reserve most likely will cut interest rates today, and while a rate cut is certainly defensible on the basis of the country's weaker economic presentation, the ramifications - as the above headlines suggest - could be great." (Post, 9/18)
That was then. Read More

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