Monday, August 6, 2007

Post on Mish's Analysis

good post (it's linked here)

bottomline: Rate cuts won't save the economy.

I agree.

Dow up 112 points right now.

One last dash of hope for the masses...

Might be a reaction to oil prices plummeting / OIH down big. Ah yes, gas will drop to $2.75/gallon. That should help support consumer spending...

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