US SAVING RATES TUMBLES TO RECORD LOW - REMEMBER 1987!!
This is
exactly what happened in 1987 and the FED there times hiked the rate
unexpectedly by 1% on October 19th 1987. Following this we have seen
the worst crash in equity markets ever with losses of 22% in the Dow Jones
Industrial and 21% in the SNP500 on a single day.
So let´s
see how they´ll handle it this time.
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