interest rates: Holy Cow! The Fed takes Action
- 01/22/08 12:33 AM
Just announced -- the Federal Reserve cut the interest rate by 75 basis points this morning. The global stock market sell off is forcing action - this is a rare intra meeting cut.
IS IT ENOUGH? TOO LITTLE TOO LATE?
A full point would have been better! What do you think? I think we're still in for a rough year. This is a reaction and not a sound policy. With gas prices still averaging over $3 a gallon, is there any disposable income to stimulate the economy? This rate cut should only be a start to getting "cheap" money back in the market Cary in Margate … (0 comments)
interest rates: Fed Rate Cut Not Enough
- 12/11/07 07:46 AM
My MBA tells me that any rate cut is good, but this is not enough. The recovery is postponed... The Fed continues to over do it. 17 straight increases followed by a good start last month, but they dropped the ball today. too little too late, and now we'll have to wait to feel effects even longer. The stock market is a leading indicator, and todays indication is bad news.
As Jim Cramer says on CNBC... THEY KNOW NOTHING!!!
What do you think? Cary in Margate … (4 comments)
interest rates: Coral Springs Foreclosure Real Estate -- the credit crunch
- 08/21/07 10:36 PM
I'm going to rant a little this morning. I'm up early because I have to remove one of my listings from the MLS because it's going on the foreclosure auction block today. We tried everything to short sell this place, but no buyer to the rescue. This made me stop and take a look at this whole credit crunch mess and gave me some thoughts -- Here we go: The story: I sold a single mother a nice townhouse in Coral Springs a while back. It took a ton of work to get her closed because the loan was boarder line, but we … (2 comments)
Just announced -- the Federal Reserve cut the interest rate by 75 basis points this morning. The global stock market sell off is forcing action - this is a rare intra meeting cut.;)
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