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Dow End’s at 15-Month Low, Feds Slash 75 Basis Points in Response; and can Winn-Dixie Really Still be Considered "The Beef People"

To most, this is dull. Dull, as in “not even worth reading in the bathroom when the only choice is between Mike’s rant on the Federal Reserve’s monetary policy versus reading the back of the Head-and-Shoulders shampoo bottle for the 5th time, dull.”

Anywho…………… To those of you who just finished reading the shampoo bottle and had the unfortunate timing of eating Mexican food for lunch… and since Kyle asked, here goes:

Depending on which pundit you’re listening to on CNN, an emergency cut of 3/4 of a point by the Fed: a) is too little too late, b) is too much too early, c) causes economic panic, d) is in response to economic panic, e) is a contributing factor to why this economy is heading down the toilet, f) will be a contributing factor in preventing this economy from going down the toilet, and/or g) will make old people cry.

Mike’s Analysis: ARTIFICIAL AND HISTORICALLY SOFT INTEREST RATES FROM 2002-2006, COUPLED WITH SIGNIFICANT FAILURES AND DISREGARD TO APPROPRIATE FISCAL SOLVENCY, FINANCIAL OVERSIGHT, AND LENDING INTEGRITY MEASURES BY MARKET, CORPORATE, PERSONAL, AND GOVERNMENTAL ENTITIES, ARE MAJOR FACTORS CONTRIBUTING TO DOMESTIC RECESSIONARY TRENDS AND A GLOBAL RE-EVALUATIVE CORRECTION, WHICH WILL MAKE OLD PEOPLE CRY.

Seriously, I looked down at my W.W.G.S. (What Would Greenspan Say) bracelet and found the words just flowing from my finger tips.

I’ll be happy to elaborate on my statement this Friday @ 5pm, Po’Boys downtown, after several Miller Lite’s. In the meantime, my point is this: Lots of people are responsible for the mess this economy is in. Blame lies in individuals who took out loans they knew they couldn’t afford, corporate lenders who brokered these unrealistic deals, markets that pushed to resell these mortgages, and especially governmental officials who have precipitated an environment of boorishly irresponsible fiscal demarginalization coupled with unnecessary personal and governmental deficit spending; this contrarian’s way of saying too much cash, accessible to  too many people, to spend on too much stuff.

There’s plenty of capital already in the market, but without appropriate mechanisms to fortify transactional confidence, credit availability will continue to evaporate. For some of the irresponsible this is good, for everyone else it will likely be a long road to broad-based recovery.

If you are in the age range where you can use the term “blog” correctly in a sentence, are looking at long-term gains through appropriate investments, and are fiscally solvent, then the Fed’s 3/4 cut today should have very little impact on your long-term plans. Otherwise we should talk.

Finally, this parting intemperate thought: Waiting at a stop light today I saw a Winn-Dixie marked tractor trailer drive by with a picture of a T-bone steak on the side, along with their famous “The Beef People” slogan imprinted underneath. Seriously, this has to be the reason why, like the economy, Winn-Dixie is heading down the drain: a total lack of adaptability and responsibility. I mean, the last time the T-bone steak was popular was 1984. Today, according to non-scientific surveys, 93% of all T-bone’s are consumed in trailer parks and truck stops. Just something else in this turbulent, turbulent world that will likely make old people cry.

Mike Turner

Mike is a ><((“> friend of Catch Your Limit, a management and marketing firm with offices in Tallahassee, Florida and Richmond, Virginia. To learn more, visit www.catchyourlimit.com.


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