Feds Cut Rates

[mikemorvan]

As Columbo would say, "...and one more thing."

By lowering the Fed Rate and therefore rates that banks pay to one another when borrowing to maintain their reserves, it has the positive effect of increasing the money supply, making it easier and cheaper, primarily for businesses/corporations to borrow for expansion, growth, create more jobs, etc.

Might have to explain to the youngsters.

[rtp]

And if this doesnt work.......we will begin to see quantitative easing.

[kae006]

And if this doesnt work.......we will begin to see quantitative easing.

They announced $700 Billion in quantitative easing at the same time

[nchunter]

What it really means is my money market funds are back to paying almost nothing yet again.


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[rtp]

They announced $700 Billion in quantitative easing at the same time

Well there ya go.

[progolferv1]

Will personal and other loans be ~0-.25%? (Loan transfers too?)

All that cash you got buddy, you don't need a loan. Send it over this way

[mdnabors]

All that cash you got buddy, you don't need a loan. Send it over this way

Lol...right. Trying to get you a bass boat man!

[curtintex]

Well there ya go.

Been thinking about printing my own too.

[rtp]

Been thinking about printing my own too.

There ya go using common words everyone understands.... I was waiting for the *** is quantatative easing question. Because I had to ask in 2009.

[No-Tox]

They announced $700 Billion in quantitative easing at the same time

What does that exactly mean?

[curtintex]

What does that exactly mean?

It means they just put money into the system. Just literally make more out of thin air. But when you want to do that the Secret Service will show up.

[HuntForHorns]

I want the payroll tax cut. All talk and no deliver on that. That is the thing that helps the working man.

[rtp]

What does that exactly mean?

It means they fire up the printing presses and just make 700 billion dollars out of thin air and add it to the current circulation.

[Jakedasnke]

It means they fire up the printing presses and just make 700 billion dollars out of thin air and add it to the current circulation.

That’s exactly what it means

[happy bowhunter]

Mortgage rates are not tied to the fed and they’re still up a full point from a week ago when they where at an all time low.


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