Fed cuts rate in coordinated world move

The Fed this morning, in an “emergency” move, cut the key interest rate to 1.5%.  The Swedish risks bank followed suit and cut their rate buy 1/2 %.  China also cut bank rates as did England, the European Central Bank, Switzerland, and Canada.  Dow futures are trading higher, up 102 points as of the time I write this. 

Britain has created its own rescue package, as has Japan as its market is trading at its lowest level in five years.  Things are bad, folks.  It’s seriously time to think about how you’re going to vote.  This is a global economy.  Think about who will be less volatile, who will better with diplomacy, who will be wise enough to surround himself with the best people to deal with these issues.  Think about it and then use your vote wisely.

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Filed under The Economy, Uncategorized

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