by Jason Burack via Wall St For Main St
The DOW is now down over 6% in just the last 2 days, today the 10 year US Treasury yield hit an all time low of 1.31% and the former Minneapolis Federal Reserve Bank President, Narayana Kocherlakota, wrote an Op-Ed for Bloomberg yesterday how the Fed needs to cut interest rates at least 25 basis points (he said 50 basis points would be smarter) immediately.
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