Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Monday, August 5, 2024

Time To Cut Interest Rates

 Today's market tumble probably is only feedback to the Federal Reserve to cut interest rates, but it is feedback and they should listen. Frankly, they should have cut rates at their last meeting, but now is better than later.

Inflation has passed; slowdown is the worry now.

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