The Federal Reserve’s rush to slash the federal funds rate along with rapidly deteriorating economic conditions in the US has sparked fears that global expansion is in for a major downturn.

Following the closing bell, the index futures continued to sell off, extending Wednesday's afternoon losses before finally becoming exhausted and rounding off with a slow correction off lows into the early morning hours.

It seems obvious to us that the U.S. middle class needs to reverse course. Stop spending so much, stop working so many hours, focus on quality of output and quality of life. In a word: downsize.

As we head into the second day of this two-day Fed meeting the market is still tacking on some subtle gains. All in all, the day was very indecisive as investors and short-term traders alike tried to get a feel for what is to come in Wednesday's Fed announcement.

The experts could not imagine that a day would come when we’d be worried about the whole dollar-based financial structure. But here we are, and gold is rising. And people are starting to wonder how high the price will go and where they can buy Krugerrands.

Mike Paulenoff's technical work points still higher in the S&P 500 Depository Receipts (SPY) before the recovery upleg runs its initial course on the upside.

The gloomy US economic picture may only get worse on Wednesday morning, just ahead of the Federal Reserve’s highly anticipated rate decision.

Futures are pricing in an 86 percent chance of a 50 basis point cut to 3.00 percent on Wednesday, but what if traders are wrong?

The market action on Monday was rather hesitant, but the market still managed to post some decent gains by the end of the day, closing at highs.

You can’t really make people wealthy by resorting to “Zimbabwe economics.” A society grows rich by producing things, and saving money. There is no other way. Cheaper credit won’t do it. More consumption won’t help. Printing money – and dumping it from helicopters – is a losing proposition.