More Fed Opinions

The Economist calls the latest move desperation. With only a week to go until the next meeting, a 75 bip cut might make an investor think the Fed knows plenty they don’t.

UPDATE: It’s funny that oil for March delivery had punched 7-week lows when the Fed made the announcement – I’m not sure how long that will last now. You’d almost think the Fed wants $5 a gallon gas.