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Are the Fed's recent interest rate cuts good for consumers?

Results so far:

Yes
59% 35 votes Total: 59 votes
No
41% 24 votes

humble part for the economy. But the stark reality is that Wal-mart's capacity and reach-out leverage to make a significant and substantial economic stimulus difference to the US- and dollar-centric global economywith its trillions upon trillions at stakeis but a teeny, tiny droplet of water in the proverbial ocean-sized bucket.

The type of spending I have in mind is not necessarily what may now be forming as an idea or concept in your mind as you read this, and for that drawback we must blame the drawback of language and the availability of words, in this case the word "spending", to prove themselves able to hurdle the weakness and often utter futility in trying to convey a concise point with something that nears precise specificity, which is what's called for here to make the point absolutely crystal clear. Just as there's truth to the adage that not all that glitters is gold, not all "spending" requires the use of spastic plastic or Treasury printed moolah in the transaction. So allow me to first briefly explain what is meant here by "spending" and its special use in all that follows below.

The type of "spending" I refer to here concerns itself with the intellectual output and transactional labors of the mind as a means to channel behavior that brings desirable macroeconomic results, beginning as a trickle at the personal or "micro-player" level and then, by consequence and confluence, at the macro socio-economic levelthe heights of stratospheric altitude from which perspective and discernible patterns of economic performance and such are measured by the sum total of the most fundamentally key and influential individual human inputs, which are the products of sanity, rational thinking and responsible actions on the part of all citizens, young and old as well as rich and poor, extending to the dizzying array of companies, governments, analysts, traders, and so forth. The point is that all players are inextricably linked into a de-facto world wide financial and economic web such that, manifest weakness or undesirable behavior of thought on the part of any single participant can wreak havoc, causing a chain reaction of negativity that sparks yet further similar irrationality like toppling dominoes throughout the superstructure and elemental economic infrastructure.

Think of it this way, to borrow the infamous line from one of America's famous revolutionaries, Thomas Payne, who spoke truthfully and with great wisdom when he observed that fellow colonists not behind


Below are the top articles rated and ranked by Helium members on:

Are the Fed's recent interest rate cuts good for consumers?

Yes
  • 1 of 2

    by skywriting-on-vapor s

    Let's SPEND our way forward, I say, to repudiate the pundits, politicians and public policy "experts" who proclaim an economic

    read more

  • 2 of 2

    by Arch Barnes

    Reason for Fed Funds Rate Cuts Now Clear

    So now we know. Or at least we have been given (yet again) information as to why

    read more

No
  • 1 of 3

    by Tom Koecke

    The Federal Reserve Boards reduction in the rate can be best categorized under the heading "Desperate Measures." The government

    read more

  • by Joanne Harris

    No, I don't believe that the Federal Cut will be good for consumers. Most of the recipients will not use the extra money

    read more

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