Posted on 03/03/2020 2:02:27 PM PST by Mariner
We have yet to see the payoff for the recent trade North American trade deal or even the trade dealing with China and tariffs yet (and the latter is likely to take quite a while to see any possibly payoff with the current virus situation).
IF the deals are anywhere near what they have been proclaimed - they could be big promoters of our economy.
Spinning down in Afghanistan could also contribute positively.
i figure PDJT leaned on the fed to lower rates to help stave off the planned SorozNazi-induced recession just before the election
it has nothing to do with a Chinese virus...but that’s a great cover story!
Isn’t it time to put the “circuit breakers” back in?
More accurate headline: Dow falls BECAUSE OF Fed cutting interest rates.
Federal Reserve is Deep State on steroids.
Is it worth it to refinance mortgage from 3.87% to 3%?
That ties in with the large number of conventions, some enormous, which have been canceled.
About a year to 18 months, depending on whether we need to nuke China and if the GOP takes the House.
So - Trump gets on Twitter this morning - and berates the FED and Powell for not cutting rates. He says they "Should ease and cut rate big. Jerome Powell led Federal Reserve has called it wrong from day one. Sad!"
Well - just a few hours later - they comply and do exatly what he wants them to do. And now - it works just the opposite and it's THEIR fault? LOL - wow - that's rich.
Watch the stocks go up if Biden does better than expected. Watch them go down if Sanders does. I think this is pricing a Sanders Presidency into the stocks.
Good buying time, IMO. But I just sold half my stocks last week, on the chance the coronavirus won’t get solved and the sure thing that the China supply chain will be disrupted. My wife wanted more security and less return, so we’re now 60% bonds, 40% stocks.
It is long overdue for the Fed to be abolished forever. They have done more harm than good for years.
The recent moves have been quite small on a % basis. The DOW at its worst was off about 12% and that was over 3 days..
As a contrast in Oct of 1987 the Dow dropped in ONE DAY 23% which amounted to 521 points. If that were to happen today it would mean a drop of about 6000+ points.
They did exactly what Trump told them to do earlier this morning: "Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more so. Our Federal Reserve has us paying higher rates than many others, when we should be paying less. Tough on our exporters and puts the USA at a competitive disadvantage. Must be the other way around. Should ease and cut rate big. Jerome Powell led Federal Reserve has called it wrong from day one. Sad!
So - I guess it's either obey the commands of the president and get called stupid on Free Republic - or get trashed by the president on Twitter and get called stupid by the people on Free Republic.
Cash is king now.
great rate
“Is it worth it to refinance mortgage from 3.87% to 3%?”
Probably.
Depends on the size of the mortgage and how deep you are into it.
If you still owe $400k on anything, it makes sense.
If you owe $111k on a $200k mortgage, you’re likely better off just paying $100 extra a month.
“Dow falls BECAUSE OF Fed cutting interest rates.”
For like the first time ever.
Except the Fed stated specifically that’s why they did it.
Awesome, take it!
Kansas State Bank specializes in VA loans.
They can get you less than 3% on 30yr, with no points.
Geez, the gloom and doomers on this thread are something to behold. FR is changing for the worse.
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