I do agree it works although I think he's holding off as long as can hoping that it will sort itself out .
For example . The retailers have just reported sales growth and are expecting a pretty good Christmas . So , I'm thinking that's buying him a bit of time.
Dropping interest rates did work last time but we also expected the US to reduce money printing . Because they didn't , our dollar bounced back kind of negating the interest rate drop .
I reckon he might wait till after Christmas and see what the US is going to do first . I think there next debt ceiling meeting is in Feb or March ?
In the meantime , if the Chinese figures improve , that may hurt us as well .
