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| Home Front Economy |
| Fed slashes rates by 75 basis pts, stocks continue to drop |
| 2008-01-22 |
| Posted by:lotp |
| #2 The problem isn't the markets, it's the potential for social/geopolitical fallout. The fact wheat hit a record high yesterday is more significant than the market falls. People don't riot over stock dividend cuts, they do over bread prices. |
| Posted by: phil_b 2008-01-22 17:11 |
| #1 That 3/4ths move is probably going to be seen as a sign of weakness by the market. So while it will buck up stocks today, there is still Wednesday, Thursday and Friday. |
| Posted by: Anonymoose 2008-01-22 12:04 |