Friday, May 2, 2008

Fed cuts rates again - Expect Higher Commodity Prices

"Scrambling to shore up the faltering economy, the Federal Reserve cut interest rates to the lowest point in nearly four years Wednesday as the nation teetered on the edge of recession"Trouble is that there is plenty of capital, too much in fact and that capital doesn't want real estate or stocks. It wants fungible assets: food, oil.Bad move.

read more | digg story

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