Fed cuts interest rate by 1/2 point in coordinated response

[ricket]

http://www.bloomberg.com/apps/news?p...w3M&refer=home

Oct. 8 (Bloomberg) -- The Federal Reserve, European Central Bank and four other central banks lowered interest rates in an unprecedented, emergency coordinated bid to ease the economic effects of the financial crisis.

[Guest]

Re: Fed cuts interest rate by 1/2 point in coordinated response

You're an early bird, posting at this hour Ricket. Still the news is the exact opposite of reassuring to me. It reeks of "meltdown" to my nose. Thanks for the heads up.

[The Outback Oracle]

Re: Fed cuts interest rate by 1/2 point in coordinated response

You're an early bird, posting at this hour Ricket. Still the news is the exact opposite of reassuring to me. It reeks of "meltdown" to my nose. Thanks for the heads up.

Well Lukester, again EJ is spot on. My question though still is has their been some kind of black hole formed that sucks in everything they can create? I know a logical rational person like metalman would tear me to shreds but I keep wondering if there is something we have missed.
Still waiting for the perth mint to contact me about my gold purchase

[The Outback Oracle]

Re: Fed cuts interest rate by 1/2 point in coordinated response

Farkin bewdy!!!! 1/2 percent cut....everything is fixed! No worries mate!

[KGW]

Re: Fed cuts interest rate by 1/2 point in coordinated response

So what significance is this rate cut? Who are the borrowers? :rolleyes:

[phirang]

Re: Fed cuts interest rate by 1/2 point in coordinated response

Surprising that Russia didn't participate... o, well, let's keep an eye on the TIC data.

[zadok]

Re: Fed cuts interest rate by 1/2 point in coordinated response

So what significance is this rate cut? Who are the borrowers? :rolleyes:

Good question. Lets see the last time they had to bring in millions of third worlders to take out mortgages and credit cards and do the $7hr low wage jobs. Who is left?

[Supercilious]

Re: Fed cuts interest rate by 1/2 point in coordinated response

http://www.itulip.com/forums/showthread.php?t=5772

This is getting funny

[ricket]

Re: Fed cuts interest rate by 1/2 point in coordinated response

You're an early bird, posting at this hour Ricket. Still the news is the exact opposite of reassuring to me. It reeks of "meltdown" to my nose. Thanks for the heads up.

Not so much being up early, as not being able to sleep in the first place...

[ocelotl]

Re: Fed cuts interest rate by 1/2 point in coordinated response

Meanwhile, to stem the unwinding of the carry trade, on tropical shores, What are we doing?

Brazil, Mexico Pump Dollars Into Market to Stem Currency Routs