The FED cuts the bank rate by 0.5%
....and based on the reaction of the stock market it was already baked in. What does it mean to us---that depends on who you listen to. For most of us "senior citizens" it is limited. The 10 year treasury note which has slowly been falling in anticipation actually closed up today by 0.046 (1.26%)--that is a substantial jump.
"A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty” ---Sir Winston Churchill
"Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." ---John W. Gardner
“You can’t go back and change the beginning, but you can start where you are and change the ending.” ---C. S. Lewis
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