Surprise move by the Fed today with interest rate reduction. The largest in 24 years.
Washington Post comments below.
http://www.washingtonpost.com/wp-dyn/content/article/2008/01/22/AR2008012200518.html
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Epcon Columbia, SC - Columbia, SC
No wonder the bank stocks were up. Can you belive the P/E of C, BAC and GS?
Jan 22, 2008 02:01 PM
Real E Smarter - Spokane, WA
Real E Smarter Real Estate Coach - 509-362-1966
Of course, they are worried about both the economy and the foreign opinion of the US economy and want to prop it up. But hey we'll take all the propping we can get.
Ross Quintana - Team Quintana Real Estate
Spokane Real Estate Experts
Jan 22, 2008 02:05 PM
Keller Williams Greater Des Moines - Des Moines, IA
Realtor - Des Moines Iowa Real Estate
Keith ~ Thanks for the link. I am off to read. By the way, all my family was from Jacksonville originally. Now up on Amelia island. I miss the area!
Jan 22, 2008 02:06 PM
Netpro Realty - Newport Beach, CA
rates are going lower. History shows this to be true. Those bank repo buyers that have been putting in low ball offers can now come up and have the same payment.
Jan 22, 2008 02:15 PM
Rainmaker
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Keith Shoemaker
Keith Shoemaker
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Ponte Vedra Beach/Jacksonville Florida ePRO Realtor
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