Fed Caves with Emergency 1/2 Point Rate Cut: Gold Soars $50 While Dow Plunges 600, but Here is the Big Surprise

from King World News

On the heels of an emergency Fed 1/2 point rate cut, gold soars $50 while the Dow plunges 600, but here is the big surprise.

Classic Rant

March 3 (King World News) – Sven Henrich: “The Fed has lost all credibility. Whatever was left of it anyways.

February: The economy is strong. There’s no reason to cut.
In one week stocks drop 15%: Here’s a 50b rate cut.

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