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Fed just dropped interest rate another 1/2 point.

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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-30-08 02:17 PM
Original message
Fed just dropped interest rate another 1/2 point.
Second time in about a week, a BIG cut. But don't worry...economy is fundamentally strong.

Just announced on General Electric Media.

.
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Jack Sprat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-30-08 02:25 PM
Response to Original message
1. Is the dollar going to eventually devalue
to the equal of the old Soviet ruble?
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Robb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-30-08 02:29 PM
Response to Reply #1
3. Da, tovarisch
Now I go back on line for bread.
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water Donating Member (504 posts) Send PM | Profile | Ignore Wed Jan-30-08 02:29 PM
Response to Original message
2. Oh dear, let the market correct itself before it's too late...
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-30-08 02:31 PM
Response to Original message
4. And Wall St. will cheer, while the rest of us our screwed
Higher inflation, a devalued dollar, but hey don't pay attention to those things, the economy is great if you only look at the markets:eyes:
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mtnester Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-30-08 02:41 PM
Response to Original message
5. And the banks will pass all of it on to us too
just like the last one






(do i need a sarcasm icon?)
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