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      The market talks to the Fed

      Posted by SoxFirst

      The Fed's one-two punch, cutting rates by half a percentage point, will not do the trick. The aim of the Fed is make it easier for business with better credit and cheaper money. But it’s not going to work., the US is heading into recession.

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    • More bankruptcies on the way

      Posted by SoxFirst

      Prepare for a new wave of bankruptcies over the next six to 18 months, experts are predicting. There are a number of triggers that could set off the wave of bankruptcies, While nearly half say interest rates could be the triggers, others point to home prices, commodity prices, global competition, the equity bear market, the decline in consumer spending and unfunded pension plans. All this comes from a time when credit was easy to get and when a low-interest environment made debt cheap. It looks like some companies will be paying the price.

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