rate cuts

I think I have decided that my current opinion is that all the "rate cuts do is create inflation"... The point is psychological.... what they want is for people to not be panicked because they have less money..... They have more money, but it still buys less... it's just another economic shell game.

In the 70's we didn't have inflation we had a depression, and we distracted ourselves with the specter of inflation.... which is just deflation of the value of the dollar, instead of deflation of assets..... NET NET.... same thing.... unless you are holding dollars....

Thank god nobody saves.