The PROBLEM here is that the other world markets have already suffered major losses...
It means little to try and prop up the US Stock Market if the other world markets are in steep declines.
WE are not going to reestablish 'confidence' in other world markets by these rate cuts. They KNOW the truth about our 'house of cards' and this action will not stave off a remarkable decline in US markets across the board. At best it might 'slow' the downward spiral by days or weeks.
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