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| Fed Cuts Rate by Half-Point; 2nd Reduction in 8 Days |
| 2008-01-31 |
| Posted by:Fred |
| #7 The housing crisis was long overdue, in SoCal at least. Nobody could afford even a cracker box here but they kept buying them because of low interest rates and exotic, sub-prime mortgages. It has to stop although I wish it wouldn't until I'm ready to sell. You can only pump so much air into a balloon before it pops. Oh well, maybe I'll refi. |
| Posted by: Ebbang Uluque6305 2008-01-31 16:11 |
| #6 make the Bush tax cuts permanent. What really makes a set of marginal tax rates permanent? In other words, what stops the next Congress from writing them however they want? |
| Posted by: eLarson 2008-01-31 13:00 |
| #5 It's official. The Fed is trying to inflate us out of the housing crisis. |
| Posted by: Iblis 2008-01-31 12:49 |
| #4 The government doesn't even control the interest rates either. http://www.tickerforum.org/cgi-ticker/akcs-www?post=26381 |
| Posted by: Bright Pebbles 2008-01-31 12:07 |
| #3 I may be all wet, but I suspect the potential reemergence of the Clinton dynasty has Wall Street more concerned and jittery than anything else. |
| Posted by: Besoeker 2008-01-31 11:55 |
| #2 Can't push a rope. And corrections do need to be made for malinvestments. |
| Posted by: OldSpook 2008-01-31 11:45 |
| #1 While the market half blew this off, it does relieve a lot of pressure, mostly psychological. However, the long-term trend is that markets tend to be down in non-incumbent Presidential election years, for a multitude of reasons. It was pointed out that the one thing the government could do that would guarantee that there was no recession, would be to make the Bush tax cuts permanent. But nobody in government is even proposing it, because they desperately want taxes to go up again, on both sides of the aisle. Some are even suggesting, with NO economics to justify it, that deficit spending must be increased to ward off recession. They truly believe that government controls the economy, and not market forces. |
| Posted by: Anonymoose 2008-01-31 08:45 |