Are we out of the woods wih the half a point Discount Rate Cut by the Fed?

No, not yet but the stock markets usually craps out this time of year, but I figure by January will see the subprime scammers on tv in jail jumpsuits, and the fed will drop the interest rates as a mercy call. Still, housing subrpime will reduce growth rates by 0.25% to.50% for the next 6 to 12 economic quarters. No, recession ahead, but watch for the implusive sell offs in the markets, and some investors will short housing, home improvement industries. The fed cuts the rate it wont matter at this point because the damage is done, and it may add 0.25% to economic growth for just a quarter or two. Still, hit 2.5% growth in 2008 without a rate cut, and 2007 will be slowest year for growth at 1.8%, uncle Ben does cut its just mercy cut more anything.