If the US dollar rate is cut, liquidity will explode and inflation will soar. If the rate is not cut, liquidity will still be out of control, inflation will still exceed 3%, and the real economy will collapse. If you stick your head out, you will get a knife. If you shrink your head, you will get a knife. The key problem is the hollowing out of the industry. As the saying goes, vegetables are the original sin.
