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Another Fed's Rate Cut Today! »

Posted by: emailconnexion 2 years, 1 month ago

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The Federal Reserve, confronted with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second rate reduction this year.

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emailconnexion

I am an investment consultant passionate about the capital markets. After 15 years of employment in the biggest financial institutions I decided to go on ...

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Comments: 55

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jovial
Oct. 31, 2007, 2:54 p.m.
A band-aid solution for a faltering economy. The ploy is to keep the economy from imploding before the election next year. When the next President steps into the Whitehouse what they'll find is the economy is in shambles. All the people who have contributed to this fiasco will be long gone. I feel for the next guy/gal that takes office.
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emailconnexion
Oct. 31, 2007, 3:07 p.m.
Totally agree with you, jovial! It's like, everybody is drunk and we cannot see the hole we are all going straight into...
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joeblowe
Oct. 31, 2007, 4:50 p.m.
Here again, working from my life-long experience here in Illinois, I can predict with a pretty high degree of certainty that It'll get worse if Democrats are turned loose. Probably MUCH worse. They've screwed us up here so badly there's serious talk of amending the state constitution to allow for the recall of the governor. (Democrat) I hope they also include state representatives and senators - but since they are the ones that would drafting the proposal for the ballot, I don't really expect they will. The city of Chicago and Cook county (which includes Chicago) are both hell bent to raise taxes - seriously raise taxes - to pay for all the waste, corruption, and stupidity they've foist upon the populace. Don't EVER talk to me about putting a Democrat in charge of the national checkbook. The only thing worse is a war-mongering Republican.
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NelsonR
Oct. 31, 2007, 5:13 p.m.
Delaying the inevitable. Recession, depression we are in one and heading for the other. Keep up the interest rate cuts Fed. A-hole. Sane economics do not say you continue to slide the dollar on the world market in the deluded attempt to prevent our demise. The dollar will be used for wall paper in the not to distant future.
Our leaders are quite pathetic. We are heading for depression while I agree with Buffet, the rich are out of sync with the common working man who gets stuck daily by government corruption while the rich party.
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walden3
Oct. 31, 2007, 6:36 p.m.
the holders of wealth got what they want. they screwed the working folks. now that working folks don't like the prices and can't afford to buy any longer, except on credit, the wealth holders reduce prices.
ska-rew! is what i say.
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saintetienne
Oct. 31, 2007, 9:32 p.m.
Honestly, what is WRONG with you people? Making money over the past few years has been easier than falling off a log!
Zero inflation, record low unemployment, record high stock markets, brisk retail sales, trade is up, consumer confidence remains high.... Other than the housing glitch (which, quite frankly, was brought about by over-eager consumers who witlessly signed their lives away and got in over their head), there has been NOTHING to stop the average person from being successful.
Nothing, that is, except your own dopey, mopey, doom-and-gloom attitudes. That, combined with the constant whining and the blaming of your foul lives on the Bush administration, capped off with a lazy, can't-do attitude.... well, that'll sink any ship. I can't help you there. You reap what you sow, people. If all you do is focus on negatives all day long, and hang a sour face to everyone, guess what? You'll end up with nothin'.
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jmopinion
Nov. 1, 2007, 7:56 a.m.
I have a feeling gas prices will spike about about a dollar, all of a sudden, since gas prices have lagged behind oil prices.
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Bruedaddy
Nov. 1, 2007, 10:52 a.m.
WE have yet to see the destruction...
I am not confident...
If gas hits #3.50 a gallon it will get bad QUICK.
If you drive and average of 1 tank a week for work etc....
thats 4 tanks a month-average 20 gal a tank...
2.60 per Gal = 208 a month - A Sh*tload of money
3.50 per gal = 280 a month - a bigger load...
So what are you NOT going to do or buy to make the budget work......
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Mulder
Nov. 1, 2007, noon
What does this mean to investors?
The US dollar will most likely fall even further in value (as I type this the dollar is only woth 69 cents Euro and 95 cents Canadian).
Investors will also be move their money to commodity markets, egs. oil and gold. Therefore, theorteically oil prices will increase even further.
But it's okay, American citizen will have more opportunity to borrow money to pay for their daily living expenses from banks. LOL.
These are good times if you are into commodities and banks.