Jim Crammer speaks to CNBC this morning after the Fed. cut its discount rate. Here it is.
Holy Crap what a sudden move even after yesterdays comments that they would not budge. I really didn't see the Fed cutting its rates they blind sided me. Never the less I still think they have only prolonged the inevitable. With the Hurricane season upon us and September and October historically bad months, it may only be a matter of time till we see the Perfect Storm in the financial markets. The Government must be held accountable for their actions.
Happy by product of the US financial crisis is my canadian dollar just keeps getting better.
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