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It's not a panic move at all. It's a required reassurance to investors and companies to prevent actual panic moves (i.e. complete market crash). I agree that
by qayxc 7y ago
It's not a panic move at all.
It's a required reassurance to investors and companies to prevent actual panic moves (i.e. complete market crash).
I agree that the economy will shrink nonetheless, but there's a difference between a small recession and a full blown depression.
- A4ET8a8uTh0 7y agoI would normally agree with you, but whatever the intentions were, the market pointedly shrugged it off. I might even suggest that this FED move along with last week cut is part of the reason for the panic..
- infinite8s 7y agoThe financial economy is much much bigger than just the equities market.