Fed cuts rates by .50 today - GoFuckYourself.com

UniversalPassLorence · 01-30-2008, 12:18 PM

Wow, they just cut it .75 last week, and they were estimating .25 today.

.5 cut today and they didn't close the door for future rate cuts. It must be bad.

This will help short term, but we still have big obsticles ahead

GatorB · 01-30-2008, 12:24 PM

Yeah make it more appealing to borrow more moeny. A sure fire way to get out of this mess.

UniversalPassLorence · 01-30-2008, 12:25 PM

Full story

WASHINGTON - The Federal Reserve cut key interest rates another half-percentage point Wednesday on top of last week's aggressive move, continuing its efforts to keep the economy from toppling into recession.

_____________________

After Shock Media · 01-30-2008, 12:26 PM

This is driving me fucking insane. There is some property I want and its a lock either way but the Feds are holding me up by dropping rates left and right so I keep not pulling the trigger.

UniversalPassLorence · 01-30-2008, 12:27 PM

Quote:

Originally Posted by After Shock Media

This is driving me fucking insane. There is some property I want and its a lock either way but the Feds are holding me up by dropping rates left and right so I keep not pulling the trigger.

It looks good for you now, I don't see them dropping much more. Good luck

WiredGuy · 01-30-2008, 12:28 PM

Am I the only one starting to worry that the interest rate is going to match inflation soon?
WG

Snake Doctor · 01-30-2008, 12:31 PM

This usually happens in an election year.
The fed wants to get all of the rate hikes or cuts out of the way before the general election campaign starts in full swing, so that it doesn't look like they're trying to benefit either party with their actions.

Also, this is a sign that Bernanke has been behind the curve and should have started cutting a long time ago instead of jacking rates up twice when he first took over.

GatorB · 01-30-2008, 12:34 PM

Quote:

Originally Posted by Snake Doctor

This usually happens in an election year.
The fed wants to get all of the rate hikes or cuts out of the way before the general election campaign starts in full swing, so that it doesn't look like they're trying to benefit either party with their actions.

Also, this is a sign that Bernanke has been behind the curve and should have started cutting a long time ago instead of jacking rates up twice when he first took over.

Rates have been going up for years now. This is what you get when you get the government involved in everything. This is just going to fuck things up in the longer run for a short term gain and good press.

kmanrox · 01-30-2008, 12:39 PM

where's greenspan when u need him?

UniversalPassLorence · 01-30-2008, 12:48 PM

Quote:

Originally Posted by WiredGuy

Am I the only one starting to worry that the interest rate is going to match inflation soon?
WG

Well that is the fear. Rising Inflation is a factor in their decision. Mainly Gas and supplies.

woj · 01-30-2008, 01:07 PM

USD dipped 1% or so after the announcement too, I'm surprised there aren't many bitching threads from foreign webmasters yet...

teomaxxx · 01-30-2008, 01:14 PM

he can cut as he want, but bond market says him "fuck you". they will have a hard time of defending 3.00 target.

http://finance.yahoo.com/q/bc?s=%5ETNX&t=5d

Axeman · 01-30-2008, 01:17 PM

Quote:

Originally Posted by WiredGuy

Am I the only one starting to worry that the interest rate is going to match inflation soon?
WG

Nope seems the feds are hell bent on bringing on raging inflation by trying to devalue the dollar the best they can right now. Only a matter of time before the cost of imports and raw materials gets passed onto the consumers.

UniversalPassLorence · 01-30-2008, 03:01 PM

Quote:

Originally Posted by teomaxxx

he can cut as he want, but bond market says him "fuck you". they will have a hard time of defending 3.00 target.

http://finance.yahoo.com/q/bc?s=%5ETNX&t=5d

If you have any money in the bank and getting intrest, the fed wants you to take it out, spent it and borrow more

kimzar · 01-30-2008, 10:07 PM

Temporary Band aid to a major busted Artery

TampaToker · 01-30-2008, 10:52 PM

Quote:

Originally Posted by kimzar

Temporary Band aid to a major busted Artery

you ain't kidding either......

tony286 · 01-30-2008, 10:57 PM

I was reading else where that consumers really wont benefit from these cuts.

TampaToker · 01-30-2008, 11:01 PM

Quote:

Originally Posted by tony404

I was reading else where that consumers really wont benefit from these cuts.

I will i am home hunting down here in Florida they giving houses away. I can have a nice 3300sq foot home built brand new for about 209k with them paying closing cost and 25k of free upgrade options locked in at 4.87% rate

tony286 · 01-30-2008, 11:05 PM

Quote:

Originally Posted by TampaToker

I will i am home hunting down here in Florida they giving houses away. I can have a nice 3300sq foot home built brand new for about 209k with them paying closing cost and 25k of free upgrade options locked in at 4.87% rate

Thats great

V_RocKs · 01-30-2008, 11:47 PM

This is his way of saying... Ooops, I guess I was wrong.

teomaxxx · 02-20-2008, 11:29 AM

Quote:

Originally Posted by teomaxxx

he can cut as he want, but bond market says him "fuck you". they will have a hard time of defending 3.00 target.

http://finance.yahoo.com/q/bc?s=%5ETNX&t=5d

so it took only 20 days to get mortage rates on the same level back, despite the rate cut. bond market still says fuck you. the further rate cuts probably wont help any mortage owners.

IllTestYourGirls · 02-20-2008, 12:31 PM

That is what happens when you print money out of thin air backed by nothing.

Right now the US penny is worth more melted. To bad its illegal to do.

Quote:

Originally Posted by woj

USD dipped 1% or so after the announcement too, I'm surprised there aren't many bitching threads from foreign webmasters yet...

tiger · 02-20-2008, 01:08 PM

Interest rates didn't create this mess and they won't solve it either. It may help a bit but there are bigger problems.

UniversalPassLorence · 02-20-2008, 01:12 PM

Quote:

Originally Posted by teomaxxx

so it took only 20 days to get mortage rates on the same level back, despite the rate cut. bond market still says fuck you. the further rate cuts probably wont help any mortage owners.

The latest worrisome data on consumer prices underscore the dilemma the Federal Reserve faces: Should its priority be the risk of inflation or the threat of recession?

Economists widely expect Fed officials to keep their sights squarely on the latter and lower the funds rate at which banks lend to each other by one-half percentage point to 2.5% next month. But this morning's reading on the consumer price index for January suggests that hopes for a larger cut are unrealistic and shows the limitations of the Fed's rate-cut strategy

Full Story

DatingGold · 02-20-2008, 01:56 PM

Quote:

Originally Posted by WiredGuy

Am I the only one starting to worry that the interest rate is going to match inflation soon?
WG

After taxes it's already worse.

01-30-2008, 12:18 PM	#1
UniversalPassLorence Confirmed User Join Date: Dec 2004 Location: Califonia Posts: 3,721	Fed cuts rates by .50 today Wow, they just cut it .75 last week, and they were estimating .25 today. .5 cut today and they didn't close the door for future rate cuts. It must be bad. This will help short term, but we still have big obsticles ahead __________________ $25.00 PPS for $1.00 Trial Making Webmasters Money Since 1997 ICQ: 305090349

01-30-2008, 12:25 PM	#3
UniversalPassLorence Confirmed User Join Date: Dec 2004 Location: Califonia Posts: 3,721	Full story WASHINGTON - The Federal Reserve cut key interest rates another half-percentage point Wednesday on top of last week's aggressive move, continuing its efforts to keep the economy from toppling into recession. _____________________ __________________ $25.00 PPS for $1.00 Trial Making Webmasters Money Since 1997 ICQ: 305090349

01-30-2008, 12:26 PM	#4
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	This is driving me fucking insane. There is some property I want and its a lock either way but the Feds are holding me up by dropping rates left and right so I keep not pulling the trigger. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

01-30-2008, 12:28 PM	#6
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,482	Am I the only one starting to worry that the interest rate is going to match inflation soon? WG __________________ I play with Google.

01-30-2008, 12:31 PM	#7
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	This usually happens in an election year. The fed wants to get all of the rate hikes or cuts out of the way before the general election campaign starts in full swing, so that it doesn't look like they're trying to benefit either party with their actions. Also, this is a sign that Bernanke has been behind the curve and should have started cutting a long time ago instead of jacking rates up twice when he first took over. __________________ sig too big

01-30-2008, 12:24 PM	#2
GatorB The Demon & 12clicks Industry Role: Join Date: Oct 2001 Location: SallyRand is a FAGGOT Posts: 18,208	Yeah make it more appealing to borrow more moeny. A sure fire way to get out of this mess.

01-30-2008, 12:39 PM	#9
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,292	where's greenspan when u need him? __________________ Crypto HODLr Crypto mining Angel investor

01-30-2008, 01:07 PM	#11
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	USD dipped 1% or so after the announcement too, I'm surprised there aren't many bitching threads from foreign webmasters yet... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

01-30-2008, 01:14 PM	#12
teomaxxx Confirmed User Join Date: May 2003 Posts: 2,734	he can cut as he want, but bond market says him "fuck you". they will have a hard time of defending 3.00 target. http://finance.yahoo.com/q/bc?s=%5ETNX&t=5d

01-30-2008, 10:07 PM	#15
kimzar Confirmed User Join Date: Mar 2004 Location: Your Mother's Snatch! Posts: 1,874	Temporary Band aid to a major busted Artery

01-30-2008, 10:57 PM	#17
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I was reading else where that consumers really wont benefit from these cuts.

01-30-2008, 11:47 PM	#20
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	This is his way of saying... Ooops, I guess I was wrong.

02-20-2008, 01:08 PM	#23
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Interest rates didn't create this mess and they won't solve it either. It may help a bit but there are bigger problems. __________________