 Fed cuts rates... again |
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| Fed cuts rates... again |
 Jan 22 2008, 10:43 AM
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#1
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9  |
... by three quarters of a percent. Thoughts?
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Jan 22 2008, 10:53 AM
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#2
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
Great... now by the time I buy a house in the summer prices will be through the roof. Damn economy, do what I want when I want
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Jan 22 2008, 11:14 AM
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#3
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
Nah, housing prices are predicted to continue falling, possibly through the end of 2009.
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Jan 22 2008, 11:15 AM
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#4
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
Was that before or after the .75% rate cut?
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Jan 22 2008, 11:18 AM
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#5
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
From articles I was reading today, but they might not have been written today. Hrm.
Regardless, I think that the rate cut is pretty much useless and will do little but increase inflation. -------------------- |
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Jan 22 2008, 11:28 AM
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#6
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 Group: Admin Posts: 3,402 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
Yep. Useless.
The market isn't looking too bad today as I was expecting it to take a dump... But we'll see how the day ends. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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Jan 22 2008, 11:33 AM
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#7
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
I seriously doubt a 3/4% rate cut will take two years to have an effect on house prices.
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Jan 22 2008, 11:42 AM
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#8
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 Group: Moderators Posts: 885 Joined: 22-February 06 From: Lubbock, Texas Member No.: 12 |
great time to refinance, too bad i dont have anything to refinance
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Jan 22 2008, 04:51 PM
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#9
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 Group: Members Posts: 706 Joined: 22-February 06 From: Lubbock, TX Member No.: 20 |
I was 10% richer when the year started. It seems that the rate cut did stop what was looking like the envitable, one of the largest percentage drops of the stock market ever. The overseas markets didn't fare as well, such as the Bombay stock market which took the largest drop ever(7%+) or other markets from Hong Kong to Europe which faced the largest single-day drop since the 9/11 attacks. Not sure if it will be able to stave off a recession, but at least it recovered somewhat from the 420+ points the Dow had earlier today.
-------------------- Beers that I have had, updated July 5th, 2009: 1,548
My Beer List "Patriotism is the last refuge of the scoundrel" - Samuel Johnson "I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ" - Mahatma Gandhi |
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Jan 22 2008, 05:58 PM
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#10
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 Group: Members Posts: 926 Joined: 2-May 07 Member No.: 1,015 |
hyperinflation is inevitable.
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Jan 23 2008, 09:17 AM
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#11
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
so many financial experts in here...
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Jan 23 2008, 09:20 AM
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#12
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I was raised on the dairy, BITCH! Group: Members Posts: 3,080 Joined: 23-February 06 From: Cedar Park Member No.: 49 |
inflation wins
-------------------- "Ah, y'know it's funny, these people they go to sleep, they think everything's fine, everything's good. They wake up the next day and they're on fire."
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Jan 23 2008, 09:22 AM
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#13
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
It's all conjecture, Impala. Sometimes educated, sometimes not. This rate cut will increase inflation -- that's pretty much a guarantee. The question is whether it'll be a little or a lot. It sounds like, from what I've read, that this might slow the recession, but it certainly won't cure it.
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Jan 23 2008, 09:29 AM
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#14
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
I know. It's just funny to see people come on here with words like "hyperinflation"
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Jan 23 2008, 10:21 AM
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#15
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
hyperinflation hyperbole!
ubiquitous uberinflation! annoying alliteration! This post has been edited by Spectatrix: Jan 23 2008, 10:21 AM -------------------- |
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