Rate Cut!!!!!!!!!

CrimeCrusher

The Fed just cut the rate by 3/4 percent . Get ready for a crazy day.

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Hans

oldfrt

That ought to slow the plunge.
Personally I think most people will wait till spring/summer to start spending again.
It looks like a desperate move,and people will sense that because of all the neg. press.A lot of portfolios have taken a hit and investors will be gun shy.
Only time will tell here.

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https://www.facebook.com/pages/John-...94183374011504

Putty Truck

This is a government for big business, by big business, after all.

What you don't hear is that all the markets are at all-time highs and they would have to fall thousands more before reaching even a two-year low. The people selling off stocks bought those stocks 20 years ago for a fraction of the price, so they are making billions.

The housing problem affects a few big builders who over-built, greedy banks, and the ho who should have never been able to buy a house in the first place.

My type of ho is doing just fine, tank-you-very-much.

davinci

rate cut was a desparate measure and the market knows it. the fed has a meeting in a few days and they could'nt wait ! that sends a panic signal and the market is now in free fall ignoring the rate cut. i was a trader,i saw this coming a mile away. this is real bad guys. not to sound like an amateur doom and gloomer but things are in real bad shape.

SelfContract

Mayday... mayday... mayday!!.. We got recession coming up soon!...

Roger, we got cha!!! ... ... we got busted... .. keep waiting please....

airborneSGT

Recessions are a part of the economic cycle. We have had over ten since WW2. I wish people would really study and understand history. I believe the average is about a year each time a recession hits.

Most have already hit the nail on the head; if you cant afford it don't buy it.

wireless

Why are the banks greedy?

KentWhitten

you're kidding...right?

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If you correct your mind, the rest of your life will fall into place ~Lao Tzu

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