Does anyone know what this means for mortgage lending rates?
TIA.
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Where might mortgage rates go?
Well that will drive the middle class down a little more Donald. Pull out the little steps on the upwardly mobile ladder.
Real Conservatives just don’t do that.
And no, I am not a never Trumper nor a troll nor a lib.
I am a classical conservative with an affinity for the middle class who carry this country on yheir backs.
Shame on Trump.
This is a full point cut, and really brings the manipulators at the Fed in line with the market.
One reason the stock market selloff was so dramatic is they kept rates above the market for way too long.
We need to establish another strategic reserve (like we did for oil during the shutdown) for toilet paper.
Perhaps we can get lock limit up and lock limit down in the same session?
The only prediction anyone can make is that this should drive gold up like mad. (of course, it was down over $70 Friday)
I bot a load of GLD calls on the dip.
I Don’t think this is going to help at all. This economic slowdown is due to unusual circumstances.
Why? What will that do? More long term mortgage disasters. Do we ever learn? We become more stupid as time goes by.
Futures markets for equities halted at limit down of -5%
I know most here cannot fathom what negative means but rest assured it won't be forever, it will likely be about five years or more, enough time to destroy the Fed and replace with with the historical Treasury controlled currency.
Negative Interest Rate Policy NIRP will wipe out the defocot and begin to reverse the national debt.
Young and able Americans should write business plans and apply for business loans that will pay them while they start up. Yes, some will fail, perhaps many but that's expected.
With Americans getting out of a service economy, out of the Oligarchy concocted life of servitude, the Socialism of Sanders will be left in the dust.
Once Americans understand once again how good capitalism can be for health and quality of living, the leftists will become confirmed as losers and liars.
We do NOT have a capitalist system now. We have an OLIGARCHY.
OLIGARCHY, NOUN
Power structure
(from Greek ὀλιγαρχία (oligarkhía); from ὀλίγος (olígos), meaning 'few', and ἄρχω (arkho), meaning 'to rule or to command' is a form of power structure in which power rests with a small number of people. These people may be distinguished by nobility, wealth, family ties, education or corporate, religious, political, or military control. Such states are often controlled by families who typically pass their influence from one generation to the next, but inheritance is not a necessary condition for the application of this term.
Think of the fake news media, only six corporations, all working together, control more than 90% of what Americans see and hear. That's Oligarchy, not capitalism.
The same phenomena exists in every facet of the American economy.
The Fed has been the liquidity provider to America's Oligarchy.
The result is a dying Middle Class as more and more Americans have been pushed into servitude where they never get ahead or not by much.
A thriving Middle Class can only be made possible by creating upward mobility.
A Sustained and intensely focused NIRP can bring back capitalism and land struggling Americans solidly into the Middle Class which they've been shit out of.
The President I believe will destroy the Fed and in time most here will understand why it is necessary and beneficial to Americans.
The Fed's only product is DEBT. Like drug pushers they addict Americans on debt products forcing people to believe "that's the way it is" and that's how it's always been.
No, it wasn't always that way.
Once the FED is dead and buried, it will be time to bring back Treasury issued US Notes backed by gold and silver as indexes of monetary stability. I envision US Cybergold electronic payment methods to continue convenience in purchasing.
All this for a flu with a 98% survival rate. I can’t believe how this is exploding.
L8r
Well as Trump has been asking for a long time, now is a very good time to refinance the national debt!
How is that going to help when business, for all practical reasons, is nearly, totally shut down?