Real estate blog entries tagged with rate cut by Cornerstone Realty Partners

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Home : Blogs : Frank Rizzo : Frank Rizzo's Blog : Tag "rate cut"

rate cut: The Fed cuts 3/4 of a point - is that what the Dr. ordered? - 01/22/08 10:13 PM

Why do I get the feeling that I've seen this before? The Fed makes the surprising move to cut 3/4 of a point mid session. What do they see that we haven't yet? Has the market gotten that much worse, or does the Fed think that it's previous measured response was not having the desired effect?
I know the pundits are calling for recession. The politicians are calling for a soft landing. (When was the last time there ever was a soft landing?) The issue here isn't mortgage rates, but consumer spending. As evidence of the major retailers at Christmas, people are … (2 comments)

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Frank Rizzo

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