Stock Market Crash Proves Federal Reserve Must Cut Interest Rates

National Interest ^ | 8/5/2024 | Desmond Lachman

[whyilovetexas111]

We have to hope that the Federal Reserve realizes that today’s stock market weakness is unlikely to be a passing fad given the poor underlying world economic and political fundamentals. Maybe then the Fed will do the right thing and start cutting interest rates aggressively to provide long-overdue support to a weakening U.S. economy.

[meyer]

I bought my first home in 1984. Today’s interest rates aren’t even high.

[Antoninus]

So let's see. The economy is headed into recession, inflation is high, Iran is threatening attack, and we have a clueless Democrat administration in office. Seems familiar somehow...

The Presidency of Jimmy Carter, 1976-1980

[central_va]

We had an industrial base in 1983. Since the the Bushie globalist got rid of that pesky stuff and sent it overseas.

[CodeJockey]

Low interest rates are what got us here.

[CodeJockey]

The final time I refinanced my home was at 6.375% and that was a gift. I believe when I closed the rate may have been close to 10%.

How did we ever get to the point where 6.5% on a 30 year fixed mortgage was considered catastrophic?

Look what the < 1% rates have done.

[Vaduz]

Yes to little to late shows it’s face again a result of non informed people in action.

[jmaroneps37]

And what will that do? They can’t cut the 1 1/2 points that they have to in order to make a dent in our problems. It is a good idea to cut the rates but please don’t believe it will make any real difference.

[Sirius Lee]

Stock Market Crash Proves Federal Reserve Must Cut Interest Rates

We must save our bonuses at Gold Man Sacks!!!