Cutting rates is necessary now as several big bond insurers are on review for possible downgrades in ratings, a 50 basis cut now and another one in a few months can make a huge difference between financial collapse and tremendous continuance of writedowns or a transition back towards stability/recovery.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.