As I write this, the Federal Reserve Open Market Committee (the Fed) has just dropped the “Fed Funds” target rate to 4.75%. Without a doubt, dropping the Fed Funds rate is a positive event for stocks in the U.S. and worldwide. Further, the Fed’s rate cut should benefit a real estate market that is in a nationwide recession (if not depression.) The S&P 500 finished the day up 43.13 or 2.9%. Ok, so what is next? And, what would have happened had the Fed only cut the rate by one-quarter of one percent – or not cut the rate at all? How would that have affected our accounts?Read more