More rate cuts ahead. The Feds are doing everything imaginable to try and dig the country out of a recession. The question has to be asked, “Should they?”
The experts have been warning for several years that the stock market could not continue to rise. Eventually the things that go up MUST come down. It is just the way things work. The coming down from any high can be scary for all involved, but it can’t be avoided. The only thing to consider is do you come down with parachute or do you come down with a bang.
The different plans the Feds are implementing are an attempt to stop the recession. They need to be working on plans to cushion the recession and allow the natural order of things to progress. It may be time that some of the giant corporations and greed of this society be called to task. It may be time for certain industries to change the way they do things despite those seven dreaded words “we’ve never done it like that before.”
Good news has come out of all of this. The President Elect has said that he intends to cut taxes. History has shown that this is the best way to stimulate growth and recovery. History has also shown that when times get tough this nation has a way of pulling itself up and pushing on. Maybe the Feds should focus more on encouraging that effort than on bailing out companies that refuse to change and grow to a healthier way of life.