Fed expected to cut rates by 1 point

Sinking in a pool of desperado, the Fed is expected to cut interest rates by a full point on Tuesday, crushing the life out of the US dollar. Recent financial news has thrown the economy into a recession that sees no light at the end of the tunnel. To top it off inflationary pressures from continued high priced oil, metals, and commodities are sapping the US consumer to a breaking point. Realestate forclosures are sky rocketing as well as job losses.

The financial news corespondents faces wrenched today as the news surfaced that a large financial institution collapsed in a matter of days. They were hoping that the bottom had been hit in this mess only to find a deeper pool of destruction awaiting this Monday morning.

Riding this storm out is proving to be historical. The mess is hitting the fan too fast. Nothing thus far that the Fed has done has helped. No one now knows where the bottom is or if there is one. The only lucky or smart investors today have seen this coming a year or so ago and have invested in precious metals to help stabilize their portfolio.

More to come,

Thomas, Chief Editor