You know, back in July I thought for sure they wouldn't!
So this time I have no idea!
I do agree that lowing it 25 basis points at a time might not be a good idea, because banks and people are just going to keep holding out until they feel the bottom has been reached. Seems like protracting that only serves to waste precious time.
I guess the Fed should shit or get off the pot.. Not that I think the banks deserve interest free loans, who knows... We would like to think the Fed does, but you don't need the media to know people are contracting and property values are decreasing, but this is a normal phenomena for this time of the season getting into fall/winter. We shall see...
Get ready for the double inverted placated yield curve... like nuking a hurricane! lol
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What is to give light must endure burning -- Viktor Frankl
I guess the Fed should shit or get off the pot......
I bet Mr.Trumdt is thinking the same thing...
Aren't you folks due for another Government shut-down by now ?...
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
Well they lowered them 25 basis points again today! Trump and the banks are all pissed off they didn't get the full rate cut down to zero or in the negatives but who knows who is right!?
Makes me feel like they know something big is just around the corner (war perhaps?) because they are actually taking steps towards avoiding something bad happening that people like you and I could only guess about.
I just can't get over the idea of negative interest rates though, Zero, maybe... But negative!?
It only goes to show that money is just a means of control and the world-wide balance sheet is in fact just a bunch of numbers that represent our perceived worth. I don't even know if that makes sense...
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What is to give light must endure burning -- Viktor Frankl