Interest Rate Cut - Over-reaction?

[FinanceDude]

He certainly does have a reason and it's not to benefit you or me!

You must have a lot in MM funds and CD's..........

I keep hearing folks lamenting the HIGH interest rates of the early 1980's........yeah that was a "great time" in the economy, stocks were stagnant, mortgages were 17%, unemployment was over 7%, we still were feeling the effects of the oil embargo........BUT you could get a 10-year CD for 12 % at some banks...........