Wednesday, October 08, 2008

Fed Emergency Rate Cut - Welcome Back $4 a Gallon Gas

Of course, I highly disagree with a rate cut since $5.00 a gallon gas, $4.50 a gallon milk, and $3.50 for a loaf of bread doesn’t excite me. This interest rate cut along with the bailout means there will be too many US Dollars in the market at too cheap of a price. Translated: the cost of goods will skyrocket as American workers' pay doesn't.

read more | digg story

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