Fed likely to cut rates

This is a great article by Bloomberg on the likely upcoming cut to the overnight rate by the Fed. While not a shining bullet it wuld certainly help with the difficulty many are having obtaining financing give the market change.

However, this article shows that almost two thirds of people expect a recesion. It also says that more than half of the respondants think that the economy is already doing poorly.

With the Fed telling us that they want to be "nimble," likely meaning that they may have to make frequent small adjustments in both directions, and with the economy showing divergant signs between the housing market and the rest of the economy, the outstanding question is where do we go from here?