lol ok maybe not a crash, but the odds are good.
'imminent rate cut'
firstly.
ok.. rate cuts provide a short term solution and exacerbate the credit problem, increasing volatility in the market at what is arguably a top, by increasing money in circulation without the respective money supply (economics 101)
secondly,
the rate cut has already been discounted into the market.
what else you got ?
Cheers.
Me.
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