Flash Update No. 8
FOMC Cut Rates by the Expected Quarter Point, Amidst Ongoing,
Nonsensical Hype of Near-Perfect Economic Conditions
Broad U.S. Economic Activity Has Continued in a Deepening Downtrend,
Amidst Mounting Downside Risks
Major Downside Revisions to Headline Economic Activity
Are Likely In Looming Benchmarkings
Major, Disruptive Economic Risks and Financial-Market Turmoil Are at Hand
More-Aggressive Fed Easing Is Likely at or Before the October 30th FOMC,
Including Expanded Quantitative Easing