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Too Much Hope May Be Pinned On Rate Cut

Wall Street Journal Original article ›

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Thoughtful opinion by experts that the rate cut or a series of rate cuts may just not do it and the economic growth will slow to 1.5% or nearer that number next year. The housing declines, lower consumer spending, and the credit crunch won't disappear with the rate cuts. The effects on the dollar are another factor. See the article on how ewe may be entering a new period in the global economy where the US slows and the rest of the world pushes ahead in the wsj Sept 20, 2007.


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