rate cut tonight, page-50

the fed did the right thing in holding rates and have opted for other methods to bring calm to the markets
to drop rates would have sent the wrong signal and a broader range of help to the markets is exactly what was needed.
there is a major correction happening with a strong emphasis on companies who dealt in exotic or sub prime debt in short companies who were making bad loans or dealing with high risk are being hit hard and in the end robust companies with strong balance sheets and a strong business will not only survive but will thrive with lower competition.
some of the talk in the media and elsewhere is bordering on dangerous markets are performing how markets do and this is simply washing out the bad companies although pain is a little more widespread its not the end of the world.
and the Fed keeping rates n hold have allowed themselves some wiggle room to drop rates when required if the US economy begins to slow markedly and at the moment there is no sign of this and the US is not in a recession.