To: bjs1779
The Fed cuts the rate a whopping .75 even though they know it is not going to result in lowering of interest rates or necessarily result in more borrowing.
The only possible result it could have is in lowering the value of the dollar.
But because all of the geniuses out there guessed that the Fed was going to be even more stupid and drop the rate a whole point, now commodities are down and our future is secure!
Putting my money in a mattress is sounding better and better every day.
To: who_would_fardels_bear
The only possible result it could have is in lowering the value of the dollar.
And penalizing cash savers, such as myself.
18 posted on
03/19/2008 4:32:25 PM PDT by
ErnBatavia
(...forward this to your 10 very best friends....)
To: who_would_fardels_bear
But because all of the geniuses out there guessed that the Fed was going to be even more stupid and drop the rate a whole point,..Well, if you go all the way back to the emergency 25 point drop on Sunday, its a whole point in what, 3 days? But who can remember that far back?
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