Replies to post #12037 on T/A ETF AND INDEX

[capt_jmj]

Poker, maybe all the idiots who were buying like crazy after the last two Fed rate cuts are now beginning to understand that irresponsible monetary policy is a two-edged sword. A rate cut leads directly to a weaker dollar, which in turn makes oil and every other world-priced commodity more expensive, which in turn drives up the price of imports *and* the cost of domestic production, which by anyone but the Fed's definition, is inflationary.