Posted on 03/02/2020 9:59:45 AM PST by John W
I have a better idea. Stop letting the Federal Reserve set monetary policy.
“Why is this not called the Wuhan Flu? “
Partly because coronaviruses aren’t flu even though they both attack the lungs. But Wuxan Covid might work.
“Fed needs to cut rates again.”
The Fed Discount Rate is currently 2.25%.
In the entire 8 years of Reagan’s presidency the Fed Discount Rate was never below 5.5%
They consider their sweet spot to be from 2.5% to 5%
Cuts in the Fed rate are a primary tool to jumpstart the economy when it’s in recession, which it isn’t now.
What pathetic, anti-Free-America liars. The DOW “jumped” 1293.96 points today. That is the greatest 1-day percentage rise since the inception of the DOW in 1896. I call major distortion BS from the losers in media.
You need to show your work on this one. To me it comes out about 5%.
The top 20 percentage gains are all larger than 5 per cent
Yes...that is the greatest rise %.
This was Good today tho ive seen the SP500 do a better, I dont remember the year but one fine summer day there was a 6% flash rally, I think half sold the next day, but Hey thems the breaks.
Liked the way S&P flew past the 200ema as easy as pie. That may hold as resistance, at least for a while.
The Federal Reserve on Tuesday cut interest rates as a result of the risk of the coronavirus. In a statement, the Fed said it decided to cut its benchmark federal funds rate by a half-point to a range of 1%-1.25%. While the fundamentals are strong, a rate cut was necessary in light of the risk to economic activity from the COVID-19, the Fed said. The central bank also trimmed the discount rate.
We could end up seeing negative interest rates for the first time.
That would be new territory for me.
“That would be new territory for me.”
They’re doing it in Europe right now. It would be a first here in the US. If I understand it correctly the negative rates only apply to the balances that commercial banks have with their central bank, and not their depositors.
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