Rate cut!

Discussion in 'Economy' started by DavidS, Oct 8, 2008.

  1. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    The rate is now 1.5% because of a half point rate cut overnight. The world markets plunged before this, with the Japanese stocks down nearly 10%. Russian stocks have been halted so many times, they're not going to resume until 2010.
     
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618
    Smell the desperation?

    The stink of fear is so thick you can cut it with a knife.

    This is the inevitable outcome when we allow the system to reward such a small segment of the population and keep screwing the working classes.

    Eventually the working classes cannot buy stuff, they cannot pay the outrageous prices for homes and oil and get to work to keep the economy going.

    Atlas isn't shurggging, the ground under ATlas's feet is eroding.

    Income disparity strikes again.
     
  3. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    31,623
    Thanks Received:
    4,860
    Trophy Points:
    1,130
    Ratings:
    +15,535
    Printing up that money to fend off the deflation that we otherwise NEED. The result? How about another massive bubble? How does that sound? Because as you all should realize by now, a bubble is the inevitable outcome of cheap money.
     
  4. glockmail
    Offline

    glockmail BANNED

    Joined:
    Aug 31, 2006
    Messages:
    7,700
    Thanks Received:
    433
    Trophy Points:
    83
    Location:
    The beautiful Yadkin Valley
    Ratings:
    +438
    Time for another re-fi. :lol:
     

Share This Page