Fed Steps in Again

Well the Fed stepped in (it) again and lowered interest rates by 3 quarters of point, and at the meeting at the end of the month they are expecting them to lower the rate by another half. There is some debate on whether it is good or not, but I read an article that said what they are doing is reminiscent of what happened in the late 70's. High oil, continuously lowering the rate and then everything finally caught up in the early 80's and caused double digit inflation. And then a recession. Basically right now all they are trying to do is avoid a recession, but lowering the rate might not be the best answer. I think we are still suffering from what they did in 2001 right after 9/11 and they lowered the rate by a half point the next day. We are just prolonging the inevitable and eventually someone is going to have to man up and take the hit like Reagan did. Hey maybe Hillary will. . . (man up that is). Doubtful, she doesn't seem to do to well with confrontation. Hey if you can hang on until the market fully bottoms out, and you have a little cash left, you could pull some sweet financing deals. You know provided there are still jobs and what not.