Tuesday, October 02, 2007

The Worst Recession in 25 years?

The Fed cut its target for the fed funds rate by 50 basis points, from 5.25% to 4.75% which surprised many analysts who had been expecting a more modest cut. Not only will it pave the way for much higher price inflation than Americans have seen in decades, but it will also exacerbate what could be the worst recession in twenty-five years.

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