The rate is now 2% in the US. Look at the US mortgage rates now?? Almost triple of the fed rate. So do you think any cut in rates will help? Do you think that any cut in rates for the past year has helped? No.
So guess why they are asking for this rate cut? Because they want the commodities to rise. That's why. The very last thing that would trigger a global depression is for inflation to rear its head at this point of time.
If they do cut rates, be very prepared for a "super stagflation". That means negative growth and super high inflation, all thanks to the "mighty" US.
Not only that, most probably the following will happen:
- Hedge funds/shortists will start shorting every single thing under the sun due to the "loophole" that the exchanges around the world refused to close
- Every single market will collapse, from emerging countries to developed countries
- All the management of the good companies will start to buy back their company shares and take them private
Oh yeah...
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