How Low Can We Go?

It's ironic that while the nation is engaged in the most hopeful, positive political campaign in decades, the financial markets are hawking up phlegm and getting ready for the Big One.
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Stanley Bing is a columnist for FORTUNE Magazine and may also be read on a daily basis at www.stanleybing.com

Yesterday, the Dow ended up with its face in the mashed potatoes again. It's ironic that while the nation is engaged in the most hopeful, positive political campaign in decades, the financial markets are hawking up phlegm and getting ready for the Big One.

Good news comes in the form of rumors that the Fed, bless its expanding little heart, is once again considering rate cuts. By next year at this time, I believe it's quite possible that the rate will fall through zero and go out the other side. At that point, the Fed will actually be paying banks to lend money. Lenders will then pass along that increased cash flow to borrowers...

(For more, go to www.stanleybing.com)

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