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Fed Cuts Rates to Historic Low [fed funds from 1.0% to 0.25%]
Wall Street Journal ^
Posted on 12/16/2008 11:35:21 AM PST by Sub-Driver
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To: Sub-Driver
The dollar is going to be worthless.
2
posted on
12/16/2008 11:37:16 AM PST
by
mysterio
To: mysterio
going to be?...............
3
posted on
12/16/2008 11:37:34 AM PST
by
Red Badger
(Never has a man risen so far, so fast and is expected to do so much, for so many, with so little...)
To: Sub-Driver
They can’t cut rates much further, can they? That particular quiver is now empty.
Quantitative easing...Fedese for “gas up the choppers.”
4
posted on
12/16/2008 11:37:52 AM PST
by
Ancesthntr
(An ex-citizen of the Frederation dedicated to stopping the Obamination from becoming President)
To: Sub-Driver
how will this affect mortgage rates??
5
posted on
12/16/2008 11:37:56 AM PST
by
elpadre
(nation)
To: Sub-Driver
When it hits ZERO, can I refinance my mortgage for free?..........
6
posted on
12/16/2008 11:38:29 AM PST
by
Red Badger
(Never has a man risen so far, so fast and is expected to do so much, for so many, with so little...)
To: Sub-Driver
7
posted on
12/16/2008 11:38:33 AM PST
by
vietvet67
To: Sub-Driver
All right all you experts. What’s this going to do for Mortgage rates and the ability of people to refinance?
To: elpadre
If it gets much below 6% on the street I’ll refinance..........
9
posted on
12/16/2008 11:39:16 AM PST
by
Red Badger
(Never has a man risen so far, so fast and is expected to do so much, for so many, with so little...)
To: Sub-Driver
0.5% 0.25% 0%. I mean, really, what’s the difference? Pushing on a string is still pushing on a string. It doesn’t matter. Not until the Fed starts paying people to take their money. But the opposite is happening. Right now people are paying the Fed to take their money, with negative yields on short bonds.
Of course, the market bumps up on a non-event. It will give it all back by week’s end. With today’s market volatility, +250 pts is a yawner.
To: Sub-Driver
Next they'll be paying the banks for borrowing money.
Lamh Foistenach Abu!
11
posted on
12/16/2008 11:40:04 AM PST
by
ConorMacNessa
(HM/2 USN, 3/5 Marines, RVN 1969. St. Michael the Archangel defend us in battle!)
To: elpadre
how will this affect mortgage rates??I just locked in 4.85. Down from 5.50
12
posted on
12/16/2008 11:40:19 AM PST
by
Puppage
(You may disagree with what I have to say, but I shall defend to your death my right to say it)
To: Red Badger
If they could take it down to 4-4.5% on a 30 year fixed, can you imagine how much money would begin to flow into the economy.
To: Red Badger
I did for 5 3/4..........
14
posted on
12/16/2008 11:40:36 AM PST
by
Sub-Driver
(Proud member of the Republican wing of the Republican Party)
To: Sub-Driver
.....................sigh.
15
posted on
12/16/2008 11:40:57 AM PST
by
Psycho_Bunny
(By Obama's own reckoning, isn't Lyndon LaRouche more qualified? He's run since the 70's)
To: mysterio
Um... Isn’t that the plan? Tank the dollar. Reflate the bubble. Rinse, repeat. Of course they are trying to destroy the dollar’s value. That is the game plan to reflate and stave off deflation. Not that it will work... Nobody knows if it will work.
To: Puppage
If that was a 30 year fixed, can you share the name of the lender?
To: Sub-Driver
"Notify our constituents and lobbyists that the minimum kickback
to each of us in now two billion dollars."
To: Sub-Driver
19
posted on
12/16/2008 11:43:18 AM PST
by
blam
To: Sub-Driver
Hey, it worked for Japan!
Oh, wait a minute...it didn’t.
20
posted on
12/16/2008 11:43:19 AM PST
by
rightinthemiddle
(Without the Mainstream Media, the Left is Nothing.)
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