Fed cuts rates by three quarters. That will do it. A rate cut means that all the crooks in the Bond Rating Services, the co-conspirators in the banks, and the indifference shown by the SEC, CFTC, and the FED will remain. Markets will stop falling until assets are properly valued. Lots of questions about this cut. Why Now? Are we pushing on a string? Where does it say that lowering or raising rates automatically solve incorrect asset prices---this cut only delays the correct asset pricing. Wondering at 8AM PST: suppose the market closes down 500 anyway? Then where are we?

Stay tuned.

Or not.

Not to worry, Congress will solve everything. Paying off entitlement groups is standard for these corrupt clowns.