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So I've been blogging all morning on this - the Fed announced an emergency between-meeting rate cut this morning. 3/4%! Huge. And just to highlight what a big deal this is, I should point out that the next meeting of the Fed is only a week away, but they still decided to cut now (and will probably cut again at the meeting, maybe not by as much).
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"It is useless for sheep to pass a resolution in favor of vegetarianism while wolves remain of a different opinion." -- William Randolph Inge
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