Randam Ron Paulism
If we can’t or won’t define the enemy, the cost to fight such a war will be endless. How many American troops are we prepared to lose? How much money are we prepared to spend? How many innocent civilians, in our nation and others, are we willing to see killed? How many American civilians will we jeopardize? How much of our civil liberties are we prepared to give up? How much prosperity will we sacrifice? […] I support President Bush and voted for the authority and the money to carry out his responsibility to defend this country, but the degree of death and destruction and chances of escalation must be carefully taken into consideration.”
U.S. House of Representatives, September 25, 2001
BREAKING: Chinese Central Bank Cuts Reserve Requirement Ratio By 0.5%
The People’s Bank of China has just cut the reserve requirement ratio for banks by 0.5% according to WSJ.
The cut is apparently due to take place on February 24.
It had been awhile since the last rate, cut, but recent hints from top leadership had indicated that one was coming.
While the country is still trying to choke off a housing bubble, there is obviously enough confidence about inflation being somewhat under check that easing can be undertaken.
This could provide a little juice for markets on Monday.