Where should I start? The Fed cut interest rates another 50 points to put the key interest rate at 3%. The Fed must be terrified of all the recession talk. I have confidence in Bernanke, but this reaction may be a little overkill. The Fed has lowered interest rates 125 points in the last 8 days! The market seams to be responding positively to the rate cuts, but is it enough to keep us out of a recession?
In political news Rudy & Edwards dropped out of the race today. This was highly expected after a week showing in Florida for both candidates. This thins the race to a few candidates on both sides. Hillary Clinton, Barack Obama, John McCain, Mike Huckabee & Mitt Romney remain in a tight race that is sure to provide lots of blogging activity. Who is the best candidate for the economy? It's hard to say. A democratic president would likely pull out of Iraq much sooner than a republican. This would allow us to begin our economic recovery post war. Mitt Romney on the republican side probably has the most business experience, but he looks like a long shot at this point.
Here are some interesting links that I am reading tonight:
Howard on todays Fed activity
Who is still in the race?