D (W) OW
Ahh come on … what the heck. I told you folks on my show that the cavalry was waiting in the wings. The Dow up at the bell 890 points. Lower oil prices and and the Fed reportedly cutting rates to 1% tomorrow. 1%. What? They gunna start paying us to borrow money? Not likely … oh wait. I forgot. It is possible.
Posted in News
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The site is not broken.
Now will McCain benefit from the resurgence of the market, just as he was penalized when it crashed?
I don't think so either. (see the Politico "leftwing bias in the press: so what?" story)
The world is on its head!! This is a dead cat bounce.
A stimulus plan IS paying us to borrow money. We (the US) borrow that money from elsewhere and then WE(the US) pay interest on that borrowed money, and that interest comes from our taxes.