You mean I have to get a mortgage now?
It was real stupid move by the Fed. This is not a financial crisis. It just showed the guberment has no idea of how to handle this mess which made more people nervous.
CNBC celebrating. The market had it’s biggest increase ever yesterday. The Fed should have done nothing. The move looked like panic and sent the market down 700 points.
“It was real stupid move by the Fed. This is not a financial crisis. It just showed the guberment has no idea of how to handle this mess which made more people nervous.”
I agree 100% unless they know something and are not telling us. Personally at my age I am quite heavy in Treasuries so I am not doing so badly considering how wacky this market is acting.
They did exactly what Trump told them to do earlier this morning: "Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more so. Our Federal Reserve has us paying higher rates than many others, when we should be paying less. Tough on our exporters and puts the USA at a competitive disadvantage. Must be the other way around. Should ease and cut rate big. Jerome Powell led Federal Reserve has called it wrong from day one. Sad!
So - I guess it's either obey the commands of the president and get called stupid on Free Republic - or get trashed by the president on Twitter and get called stupid by the people on Free Republic.
The market was up substantially this morning making back some of the panic selling last week. The Fed seemed to F this up today.
The market was up substantially this morning making back some of the panic selling last week. The Fed seemed to F this up today.
Yep..losing ammo on purpose..isn't smart.