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Posted on 09/18/2007 11:21:10 AM PDT by Hydroshock
The Federal Reserve cuts its key interest rate by a half of a percentage point to 4.75 percent. More soon.
(Excerpt) Read more at money.cnn.com ...
American THANKS YOU, Chairman Bernanke! One-hundred more basis-points, dear sir!!!! Thank you.
Will this make it easir for me to refinance my existing debt, or will it be like gas prices, where a wholesale price rise is immediately passed on to the consumer, but a decrease always has to work its way through the system?
And what about the 401K’s?.........I’ve already lost nearly 20%............
Oh what a relief!
Dang. What are you invested in?
I’m up about 9% for the year to date.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Bail out for Wall Street - inflation for Main Street. Sort of ‘coincidental’ that an ‘inflation is under control’ report surfaces just in time for the Fed’s action [well excluding food and energy] - who would have thunk it?
Lower interest rates should push bond prices higher, and the equity markets have responded favorably. So if your 401k is distributed between equity market index funds and some level of bond funds, your 401k should be increasing in value today.
Hmmm, I had a bet with someone here....Lets see if I can find that person..
LOL!
Lower interest rates should push bond prices higher, and the equity markets have responded favorably. So if your 401k is distributed between equity market index funds and some level of bond funds, your 401k should be increasing in value today.
What in the world are you invested in?
Are you putting your money where your mouth is with that prediction and shorting the dollar in the world currency markets?
Give me a break. How 'bout lowering the rate to zero? Why is that not a good idea? Watch gold.
ML/NJ
1/2 point. That’s good.
blah blah bla.
those who go to the till,
to benefit from the news probably will
those who don’t
well they probably won’t
those who complain,
with no other fiscal aim
shut up already.....
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