Comments on: Interest Rates Slashed Worldwide

Federal Reserve Cuts Key U.S. Rate By Half A Point In Joint Effort With Central Banks

[Renegade.Rivers]

The .5% drop in the interest rates from the Fed to the banks was like someone throwing a cup of water on a house fire. On top of that, it devalues the dollar against foreign currencies. If the United States had a manufacturing base this might be a better choice, because then there would be a possibility for increased exports, but since the United States is now a service oriented economy the devaluation means that the cost of products from overseas will cost more.

This is also a case where the Fed has once again stepped in to prop up a falling market, and ever time that they have done it previously, it caused a bump in the markets, but once the bump was over, the market began to fall again, and fell even lower as the days passed. If the markets rise today it will be a moderate rise, and then they will start falling again. The bottom of this fall is still several months away, and the bottom has not been reached yet.

This also tends to give people little shelter from all of the downward spiral because it will also take the earning from Treasuries down, due to a decrease in interest and the devaluation of the dollar.

There has been a huge sell off in the first twenty minutes of trading, and their will be some bargain buying throughout the day, but the down spiral is still not over.

[usclimey]

Just want to remind everyone (especially our new GOP troll DebbieMack) that the Republican''s grand plan was to invest Social Security in the Stock Market. How much of a disaster would that have been? Mc.Cain voted with the pres on that one as well.

[tool105]

Anybody know when we are suppose to start with the rape and pillage part?

[easeup-2009]

I wonder if the folks who voted for Bush but now have to postpone their retirement because of massive retirement account losses still think they made the right choice.......

Posted by formrusmcsgt at 09:17 AM : Oct 08, 2008

Most of them are smart enough not to blame the President for everything.

[interobserv]

Obama insults the integrity of every thinking american. He is telling you the government knows how best to spend us out of this mess. Well it was the government that spent us into it and now he expects congress is wise enough to guide us out of it. This is what MCCain means when he says Obama lacks the ability to exercise of good judgement.


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Posted by Debbiemack at 08:50 AM : Oct 08, 2008

No. I''m sorry. But your assessment is incorrect. Deregulation has left our economy in a shambles. Big business cares only for Big Business. It has no conscience. The mere fact that AIG execs took my money and went to an exclusive resort is testimony to that. Giving more to the rich will only make them richer and the porr porrer. You sound like the poster girl for Arthur Laffer and his curves.

Now sit down, shut up and let those of us who have a clue fix the mess you and your buddies have gotten us into.

[formrusmcsgt]

I wonder if the folks who voted for Bush but now have to postpone their retirement because of massive retirement account losses still think they made the right choice.......

[gop_will_win]

The interest rate cut has worked! The DOW is down 200 points now. Its all Obamas fault.

[easeup-2009]

Posted by antoniof123 at 09:03 AM : Oct 08, 2008

You left out:
Recession
Tech bubble
NAFTA
Eliminating trade barriers with China
Lying under oath

[antoniof123]

Posted by Debbiemack at 08:58 AM : Oct 08, 2008

You are the insult not Obama but you and people like you. You spouting that nonsense as though it is facts.

Let me give you the facts about Bill Clinton:

http://www.whitehouse.gov/history/presidents/bc42.html

During the administration of William Jefferson Clinton, the U.S. enjoyed more peace and economic well being than at any time in its history. He was the first Democratic president since Franklin D. Roosevelt to win a second term. He could point to the lowest unemployment rate in modern times, the lowest inflation in 30 years, the highest home ownership in the country''s history, dropping crime rates in many places, and reduced welfare rolls. He proposed the first balanced budget in decades and achieved a budget surplus. As part of a plan to celebrate the millennium in 2000, Clinton called for a great national initiative to end racial discrimination.

Now go sit in the corner and be quite it is time for the adults to talk.

[debbiemack-2009]

WHO WILL BALANCE THE BUDGET ? JOHN MC CAIN VOTED 90% OF THE TIME WITH GEORGE BUSH.

Posted by tonic16612 at 08:12 AM : Oct 08, 200

90 % of the time he was right. It was the other 10 percent of the time when Clinton, Dodd, Pelosi and Obama voted for Fanny and Freddy that got is into trouble. Obama never did respond to the statement he was second highest on the take when it came to Fanny and Freddy campaign contributions. Under the table funds, from Ayers will never be traced.

[debbiemack-2009]

Posted by Grandesign at 08:04 AM : Oct 08, 2008
Well history tells us that the best thing to do is invest for the long haul. Panic drives the ignorant and the poor. The rich look at solid american companies and are buying them up NOW. In five years they will have tripled their money and the ignorant and the poor will still betrying to pay off mortgages they stil can not afford. I am not rich and could not afford to pay the high prices of 8 months ago but now I am buying.

[debbiemack-2009]

Obama insults the integrity of every thinking american. He is telling you the government knows how best to spend us out of this mess. Well it was the government that spent us into it and now he expects congress is wise enough to guide us out of it. This is what MCCain means when he says Obama lacks the ability to exercise of good judgement.

[debbiemack-2009]

Posted by SFBANAK at 08:04 AM : Oct 08, 2008

Decrease Credit card rates??? Are you nuts. Low credit is what got us in this mess in the first place.!!! You should be put in jail for making such a stupid statement.

[debbiemack-2009]

Wall Street Journal Map this morning shows states with most devaluation of homes. Guess whose state leads the pack, Californication! With 85% devaluation, the State that put Nancy Pelosi,and Barbara Boxer in congress and the state of delusionial Hollywoodcrats like Jane Fonda.
No wonder Nancy emerged with a big smile after she pushed through the bail out. Her state, is on the brink of failure.

[myopinion1]

Why is it necessary to show another financial worker with their head in their hands every day? Is it that there are no photographs available of the AIG or Lehman executives lounging at the country club or on their yacht? I spit on that scum.

[sfbanak]

What and have someone steal it????? Bury it in your backyard like people did before. Put it in the walls of your house. If it devalues, it will be just paper anyways--then, you can use it for fertilizer.

PANIC is our enemy. People pulling out are making things worse. We gamble on the stock market. We''re all fine as long as things are going our way. But, when they''re not, some surrrender; some fight the battle.

What took them so long? This won''t save McCain and that airhead Palin.

[sfbanak]

Hey, it''s better than complaining and being sarcastic. What are you doing? I''ve seen it decrease some credit card rates before and mortgage rates. We all need to see what we can do, too. What goes up eventually comes down; what goes down, eventually comes up again. Do something positive and stop complaining.

[grandesign]

I''m a contrarian. I am looking for a safe place to put money, and I would like to see the issuance of government bonds with higher interest rates. I realize the central bank has to increase liquidity to keep credit markets greased, but I am holding way to much cash. Is there anything as safe as a government bond? Just, the current interest rates, when adjusted for inflation, doesn''t offer much of an opportunity. Where is everyone else putting their cash? You know they pulled them out of the equities market and the banks.

[ajaxtheleast]

This isn''t energy prices conveniently and

without control somehow dropping.

This is energy "gouging", prices in real

fear, being reduced.

If we end up at 30 dollars a barrel and
the economy recovers and goes on from
there at 30 dollars a barrel a bunch of
people should be sent up.

With Bush leading the parade