Poll: How much will the rate drop today?
Fed decision expected by 2:30pm today.
And no-poll, how much more does it need to drop?
I don’t necesarily think dropping the rates will help that much because people aren’t making more money, they are just saving a little. If you are buying a house or a car it might help you a LITTLE but not enough to take people that were not in the market and get them out shopping. We have 0% on some vehicles right now and that doesn’t seem to have started a flood so i don’t think this will make a drastic difference. Besides, if it does make a difference all thats happening is future business is being robbed and we are going to have the same problem again in 6 months to a year. Those people who planned on spending money will have already spent it and won’t be out shopping.
They’ll lower it .5 to 1 point, nothing more.
.75
they’re already giving away money and people won’t take it. plus inflation going up like crazy means it probably won’t even help.
My money’s on .25, but that’s not an option so I voted pancakes, er, .5
They need to stop dropping it and start working on putting some value behind the dollar.
It will drop 3/4th today because that’s what everyone is expecting and if they don’t give them what they expect the market will crash.
The big news networks need to get out of the news prediction business and get back into the news reporting business. All Sunday/Monday morning it was “blah blah, markets are going to open low and be horrible blah blah”. They opened a little low, probably because of all the doom and gloom news, then rebounded.
These are what I’m concerned about… short term will start eating up long term soon.
It will drop 3/4th today because that’s what everyone is expecting and if they don’t give them what they expect the market will crash.
I dunno… there have already been a couple of “surprise” cuts lately.
The big news networks need to get out of the news prediction business and get back into the news reporting business. All Sunday/Monday morning it was “blah blah, markets are going to open low and be horrible blah blah”. They opened a little low, probably because of all the doom and gloom news, then rebounded.
Why do you even watch them?
I’m hoping 3 points, 0% on my car is awesome, 0% on my house would fucking rule. I love that I make money just by barrowing these days 
Because the sheeple do, and you need to know what’s driving them toward the cliff.
^Sun Tzu would be proud… but he didn’t live in 21st century American economics. 
:lol:
I’m not that low, but close.
So let me ask this knowing the risk from cutting rates again but given the situation we are in. What do you guys feel the best solution would be? Cut no cut some other plan all together?
I don’t think the markets will swallow a no-cut.
Would it be best? Prolly… but if I knew what was best, I wouldn’t be typing on NYSpeed :lol:
Thats a good one. Come on you are American and its the american way to have an opinion that you think is the best damn one out there! :headbang:
You’d be typing on NYSpeed with your personal ball washer scrubbing away under your desk?
If I knew what was best i would’ve gotten IT to block NYSpeed domain…
Make sure you forward the message to Praxair IT… :picard:
so i can borrow money cheaper to pay for inflation due to the devalued dollar and oil. YES.
:salute:
Thanks Mr.Smartypants!!! I think we all agree somehing needs to be done and what i am asking since you dont agree with a fed cut what do you think we should do?
You should clarify: I think we all agree somehing needs to be done and what i am asking since you dont agree with a fed cut what do you think we should do… that will actaully HELP?