Fed Cuts Rate To Near Zero In Emergency Move; President Trump Holds Sunday Press Conference

Folks, we are living in uncertain times.

Perhaps even Biblical times (and that would be the book of the Bible that starts with the letter “R” and comes last).  

Even though the stock market soared nearly 2,000 points on Friday, I feared it was a sucker’s bounce.  

I fear the economic impacts of this virus will be absolutely devestating.

Folks, you don’t have to have a degree in economics to understand that we have never seen ANYTHING like this.

All major sports leagues shut down.

NCAA tournament shut down.

Travel industry nearly gone. 

Now they are shutting down entire cities, including restaurants.

Folks, just ONE of these things in the past has been enough to send the economy into a tailspin, but all of them together?

And on top of a huge pile of debt that has only been building since 2008?  

Recipe for disaster.

But that’s not just my opinion, that is apparently the opinion of the Federal Reserve, who just cut rates by a point to near zero in an attempt to use the last ammo it had agains this economic crash.  

While rate cuts normally boost an economy, a rate cut can’t fix a broken supply chain or entire cities and industries being shut down.  

And I fear the economy will look at the drastic rate cut as a vote of no confidence, leading to a serious market crash.  

I’m not here to scare you, but this is reality.  

We could be in for trouble in the short term.

Here’s more:

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