A Rate Cut For The Dumbed Down. By Gregory Mannarino
What WILL and IS happening is the general public will remain silent on a rate cut, therefore leading to them having to pay to keep their cash in a bank. Then, and ONLY THEN, after it is done, will they cry foul. It is always the same... so dumbed down.
This will be accepted by the public,because (as you have mentioned several times), the vast majority is in debt.So, not only they don't have money in the Banks, but they will also benefit from paying lower interest.
You are not considering what it will mean for the purchasing power of the dollar, which will fall. It will be a lose/lose for the middle class. No benefit at all...
No doubt!...
On Yahoo Finance right now they just said the yield curve inversion is driving up mortgage applications . . . .um.
..which is more than obvious