Mea Culpa, I was wrong. The Fed did cut the rates, albeit by 25 basis points to 4-1/2 percent. Hum, now what?

I guess it proves to show I don’t get the entire picture if the big boys think the economy still needs a boost. But judging from the Greenspan book that more or less says: “Hey, I knew it all along and sometimes I didn’t!” Hum, indeed.

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