The Federal Reserve cut the Fed Funds rate by 75 basis points in a special pre-meeting move. Apparently in an 8-1 vote by conference call, Ben Bernanke and company listened to the markets and decided that they would help stem the hemorrhaging that was surely to befall U.S. Stock markets on Tuesday.

This cut really shouldn’t come as a surprise at all. Things are bad. This is an election year.

Do you think even George “W” doesn’t know that:

It’s the economy, stupid

And when markets crash, so does consumer confidence.

What’s the effect going to be on the dollar? Going down, anyone?

What’s a fella (or gal) to do? Check out these two publications from Casey Research

It’s what has kept me both sane & smiling.

International Speculator

Without Borders