does the rate cut change anything?? half a %...people will still be defaulting
on mortgages, banks will still suffer losses, house prices will still fall. it
hasnt changed n e thing...look at iceland...here in the UK we had adverts for an
icelandic bank offering 7% interest...it made people open accounts and deposit a
huge amount of money...now its bankrupt, people once again lost alot of cash.
Wait till american states cannot afford to pay social security. caos will follow