almost election tuesday, page-32

It's interesting that the rate cut had no effect on the SP today. I suppose the market has already factored that in. The long term benefits of this rate cut will lag.

Glad we have more ammo left in the pouch, than the US, but limited in that we can only use it sparingly due to inflationary pressure. Throw the macroeconmic books out the door in these times...actually beter to use it as a door stop.