Rate cuts will end in disaster. Repeat of 2007 happening now.

Jerome Powell and the Fed just cut interest rates about 0.50%, or 50 basis points. Historically, these rate cuts tending to be the sign of a weakening economy, with a recession occurring during 10 of the last 14 fed rate cut cycles.

The Fed decided to cut interest rates due to a weakening labor market, with a surging unemployment level and declining job openings giving Powell impetus to cut rates. Moreover - demand in the housing market is scraping at the lowest levels in 30 years. And thus far - has not improved due to lower mortgage rates.
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