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Horray to the FED

Market seems to be looking much better in the last 6 - 8 weeks and with the second rate cut in a week it looks like the FED is finally getting the message and doing their part. I still can't quite figure out why it has taken the FED 31 months to get the message. Had they stepped in a little more aggressively about 20 months ago, maybe we would not have lost so much of our value over the past two and a half years. Regrettably I don't think we are at the bottom just yet but maybe the cuts and the uptick they have created will help bring the bottom sooner rather than later.

Posted by Dan Lesher, Broker, CRS, ABR, e-Pro, RDCPro on 01/30/2008 09:21 PM

Comments (4)

4 Comments on Horray to the FED

JAN

2008

Yes, the Fed has been so busy wringing their hands over the possibility of inflation that they have nearly throttled the economy to death.

The cut will certainly help with short-term borrowing costs. Maybe when the Federal Funds rate hits 1% or so, the economy will come back to life.

Dan,

These Fed execs are definitely pretty smart about higher finance but it evidently takes more than that to know when to intervene in the market. When to step in and fine-tune it and hopefully avoid a major event. This time they seem to have waited way too long.

JAN

2008

Eric and Esko:

I agree the FED has waited too long but with it being an election year, lets hope they continue the current trend.

It feels to me like they are always a bit behind the curve; every time they make a statement I feel like calling them and letting them know that Realtors knew that months ago.

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