Interest Rate Cuts are Not a Solution Especially When Rates are Already Low
We have seen the pattern in the US over the past couple of years, lower interest rates do not boost an economy or put people back to work.
The opportunity to turn the world’s economy was missed in 2009 when the world was coming out of the hole and massive infrastructure spending would have kick started things. Instead Europe went on an austerity binge and the US House of Representatives led by Republicans successfully kept the recovery weak. So now we will have a depression, congratulations to all the imbecile lawmakers. I’m short.