Professor Elam

Asian countries cut rates after the coordinated rate cut of Europe and the US yesterday. Markets stopped falling, for the day at least.

Question, one US interest rate stands at 1/5% and it just got cut a half a point. So that means three cartridges so to speak remain in the FED gun. What happens if they run out of ammunition?  Bank of Japan did not cut rates as they are already at .5%

let's hope  everyone decides to stop selling at some point.

I expect Dow 7,000 before this is over this year. That would be a 50% collapse in the averages.

The loss in total US wealth is staggering and believe me this will affect your lives. This is not time to take on any additional debt. If you can work for a company like Home Depot that will pay half your tuition, do so, immediately.  If you have a job, do not quit.  Loans are going to become more traditional which is to say that you will have to put up an equity stake yourself.