Quote:
Originally Posted by RIJIMMY
JD - The fed move has been anticipated for months and already baked into most projections. This is not really the govt spending (like the stimulus) its more of a monetary move, buying our own debt. Im not sure what the pros/cons are but dont think the timing had anything to do with the election.
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It's printing more money,writing yourself an IOU for money you never had. It will lead to inflation. There are no pros.
I don't have a dog in the Prop 19 fight. I just don't want a "Pot head" driving the bus my kids ride in.
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