Comments on: Stocks Rally On Fed's Rate Cut
Half Percentage Point Cut To Discount Rate Helps Boost Trading As Dow Closes Up 230 Points
Add a Comment See all 63 Comments
- Ain''t it great?
This Administration''s version of government "for the people" will loan money to the monster financial institutions at 5.25%, but loan it at that rate to the "little people" who are losing their homes due to soaring mortgage interests rates?
Oh, heck no.
They still want you to pay your taxes and buy Savings Bonds (that pay 3.40% interest), of course. - Reply to this comment
- rsoxfan1123 - uh, Clinton balanced the budget. That does not mean he repaid all $6 TRILLION of it.
That having been said, at least Clitnon managed to get it under budget. Never mind departmental oversights (or lack of) that allows some groups to spend tens of thousands on a toilet or half a mil to mail two 20 cent washers, and other idiotic horror stories like those...
Oh, if the market does crash, it''ll take down the rest of the world with it. ANY president is going to want to prevent that because even their biggest supporters would suffer. - Reply to this comment
- fredgrad2000 - wow -- you are under the assumption that the average american has hundreds of thousands of dollars to invest - they don''t - this is the Big Boys playing at the market.
The 2001 Recession was over by Nov. 2001 and was deemed the shallowest in US history. So let''s not repeat Insanity Hannity factoids, least not outside your own little Bush World of Delusions, ok??? Try reading the FInancial Times, International Herald Tribute, The Economist. broadan your horizons.
Fact is even experts such as at Merrill Lynch see and fear a recession - especially given rising prices, stagnant wages and real estate market busts. But then again what do they know, right??? DUH - Reply to this comment
- This is a bandaid on a growing problem that will catch up to all of us very shortly. It''s not just the government, it''s not just us individuals, it''s everyone in concert...
...and it''s based on, revolves around, originates from...
GREED.
(www.zeitgeistmovie.com) - Reply to this comment
- NavyRetired2 -- umm - did you not know that our own Fed has injected $94 Billion this month alone?? And why do you think the Fed cut the rate?
Who acts on behalf of the Fed? Bernanke you say? the same Bernanke appointed by Bush as Fed Chairman?
Is there a global economy? Yes - does Bush know that? NO - what he knows about business couldn''t fill a postcard - he knows the way to bankruptcy court and that''s about it. BUT there''s no doubt that the Bush Neocon crowd know when to play politics with US - and in order to save GOP they can''t allow a recession now - so prop it up they will because they know a fallout will create a much slower economy. - Reply to this comment
- what do you know? more welfare handouts for the rich and big corporations. Suddenly they can borrow money for less than they charge on their loans.
It''s a good idea--somebody does something irresponsible (like make a questionable loan), and you reward them when it catches up to them. Let''s expand this--I say every person caught speeding should get $100 plus $10 for every mile over... This would make people understand that bad choices have consequences. - Reply to this comment
- "Posted by george2221 at 12:16 PM : Aug 17, 2007"
Yep. The Brits in control of the Fed needed to bump their petty cash a bit, so they manipulated our markets a bit and WHALAA!
For those of you saying "the Fed" has done a great job, really have no clue about what the Fed is all about. It is foreign, international, big banking elite control of world money...they don''t care about Americans being able to pay their mortgages, until it gets to such a point they lose money on lending, then they play with the markets to protect their backsides and come out of it with a profit. The fact that they adjust interest rates to keep the stock market somewhat "steady" is simply to continue the illusion of economic stability, so they can get more of our money. Do the research yourself if you don''t believe me. - Reply to this comment
- "Bush is going to do whatever it takes to prop up the market - he doesn''''t care if it comes crashing down - so long as it doesn''''t crash before the elections.
A Recession will hit the republicans very very badly at election time and Failure George has already done enough damage to them - so no matter the cost, no matter the end-result it''''s all about politics and his legacy of course.
Posted by nyckate at 01:23 PM : Aug 17, 2007"
Do you honestly believe Bush was behind the British-controlled Fed making this move? Do some research on the "Federal Reserve System." It will open the eyes so to speak. - Reply to this comment
- The US economy is rock solid.
BUY CHEAP STOCKS. Buy buy buy.
You''ll make a fortune. and get 6 pack abs. and your "certain member" will GROW!!
BUY!!!!!!!!!
For the rest of you : ZEITGEISTmovie.com. - Reply to this comment
- fredgrad2000-you are a classic data manipulist which is what we have been enduring formt his administration for 8 years. Take a look at the national debt which has now hit an all time high. clinton payed that debt nearly entirely off.
That republican debt will be put on our kids and grandkids. It''s analagous to using a credit card to buy all kinds of stuff and then telling everyone how well you are doing. you are either lying or stupid because either you know what I am saying is true or you can''t figure it out. Either way it''s scummy. - Reply to this comment
- oh wait - hey - what about all those tax cuts that were going to make a great market?? What happened George - you wrong - again??
Posted by nyckate
Boy, definitely not an economist here; the market moves up and down; and is definitely up for the entire duration of the Bush presidency,which of course began in the Clinton/Gore recession (oh wait, you also probably believe that somehow within a month of being in office, Bush was able to create the economic conditions for the recession that occurred in 2001 too right?). The average investor if indexed to the Dow Jones is up 20+% since Bush took office, and that''s if the market stayed at where it closed on the correction yesterday. What do you think raising taxes would do, BOOST the markets!? Is that the answer; tax investment dollars at a higher rate again so that there is less incentive to invest? It''s called the money multiplier Katie, money invested does far more for the economy than the same amount of money just "spent", including spent frivolously by the government. Not to mention, if you are concerned with the libs having enough of your money to spend, every proper study shows that lower taxes incentivize work and investment; and therefore generate, in gross terms, more tax dollars. - Reply to this comment
- Now that the stock market went up 250 points, liberals are mad again.
Proving, that anything that is bad for America, makes liberals happy.
Posted by processor2
Thats right idiot, we are all secretly hoping for the days when we can stand in soup lines and all get into the lucrative business of selling apples.
Geez... - Reply to this comment
- When the stock market was going down, liberals were so happy.
Now that the stock market went up 250 points, liberals are mad again.
Proving, that anything that is bad for America, makes liberals happy. - Reply to this comment
- Surge, Plunge, Nose dive, Plummet.....you media losers really need to come up with some better DOW lingo.
It only went up 146 points. - Reply to this comment
- pepperp1 - it really is mindblowing - those like mudrose touting a market that all experts are wary of -- like any of us would ever take advise from someone who thinks Bush is doing a good job anyway -- there''''s no easier way to discredit yourself than to still be praising Bush!!
Posted by nyckate at 02:14 PM : Aug 17, 2007
Amazing is it not, financial experts do not know where the source of the problem is yet; there is no visibility into those massive equity funds, and the economy for many homeowners is getting ready to take a large chunk out their perception of their worth, oh yes and gas and food up, what did Greenspan call it paper wealth falls, then consumers stop buying and the bills all come due, dominos. China now owns 133 Trillion dollars of our new debt and just last week threatened to release a financial nuclear option on the US dollar if Congress attempts to regulate their imports.
But the RNC kool aid sound bite bots, as usual, with their normal failure to think and summarize the totality of the situation, JUST KNOW BELIVE that their political sect leader Bush and his ten dollar tax cut made for a fabulous economy, dumb poodles. - Reply to this comment
Yeah!
Happy days are here again!!!
BUY, BUY, BUY!!!!
---WHAT IDIOTS- Reply to this comment
- pepperp1 - it really is mindblowing - those like mudrose touting a market that all experts are wary of -- like any of us would ever take advise from someone who thinks Bush is doing a good job anyway -- there''s no easier way to discredit yourself than to still be praising Bush!!
- Reply to this comment
- Didn''''t you know that all he''''s ever done in business is take each of his businesses right into bankruptcy? How the heck do you think he ended up in politics in Texas - all he''''s ever been capable of doing is a no-nothing job with lotsa vacation -- he''''s incapable of running a tea shop nevermind a nation - always was and always will be.
Posted by nyckate at 01:42 PM : Aug 17, 2007
Please that would require they be informed, look at the some of a mans character think, and not just chant the RNC sects talking points over and over and over and over again like poodle bots, silly question especially of dirt flower..Where is Greenspan...guess this proves he was right on again...... - Reply to this comment
- mudrose - hey sweetie - you were the morons fooled by King George time and time again- now we''re in a liquidity bull market with an economy fashioned around hugh credit and larger leverages -- and idiots like you thought George knew what he was doing? But the uber wealthy thank you morons for their tax breaks.
Didn''t you know that all he''s ever done in business is take each of his businesses right into bankruptcy? How the heck do you think he ended up in politics in Texas - all he''s ever been capable of doing is a no-nothing job with lotsa vacation -- he''s incapable of running a tea shop nevermind a nation - always was and always will be. - Reply to this comment
- oh wait - hey - what about all those tax cuts that were going to make a great market?? What happened George - you wrong - again??
- Reply to this comment
