Fed cuts rate by 3/4 point!!!

[Dissipate]

Originally posted by: blackangst1

Shows up fine on my monitor *shrug*

Alllllllllllllllllllll that extra unnecessary quotage shows up fine on your monitor? On my monitor it looks like crap.

 

[jman19]

Originally posted by: Dissipate

Originally posted by: blackangst1

Shows up fine on my monitor *shrug*

Alllllllllllllllllllll that extra unnecessary quotage shows up fine on your monitor? On my monitor it looks like crap.

:thumbsup:

 

[lupi]

Originally posted by: palehorse74

Originally posted by: Skoorb

Originally posted by: palehorse74
Any mortgage lenders in here happen to know the current offerings?

one word: REFINANCE!

Sorry to burst your bubble but mortgage rates are not going down appreciably. The bonds that back them know that inflation is a major concern and that's why 30 year is 6%+.

that doesnt quite make sense given last months offerings of around 5 to 5.5%... what happened?!

that sucks... i'm at 6.375%, but I wouldnt mind shaving some pts...

Ever since the rate was dropped 1 pt in a month, mortgage rates have been stagnant or increasing.

 

[3chordcharlie]

Originally posted by: lupi

Originally posted by: palehorse74

Originally posted by: Skoorb

Originally posted by: palehorse74
Any mortgage lenders in here happen to know the current offerings?

one word: REFINANCE!

Sorry to burst your bubble but mortgage rates are not going down appreciably. The bonds that back them know that inflation is a major concern and that's why 30 year is 6%+.

that doesnt quite make sense given last months offerings of around 5 to 5.5%... what happened?!

that sucks... i'm at 6.375%, but I wouldnt mind shaving some pts...

Ever since the rate was dropped 1 pt in a month, mortgage rates have been stagnant or increasing.

It's all those 'private corporations'... responding to market forces

 

[theeedude]

Just about sums up my views.

Run, not walk from the US Dollar and the US economy. The people supporting never ending bailouts to inflate our way out of this are winning, and it will be a debacle for both the dollar and the US economy itself. The greenback is a dead man walking, for sure.
Today's rally was a gift for people to get out of US currency and paper while there is still time.

 

[sportage]

Fed cuts rate by 3/4 point!!!

OMG...
This is such great news!!!!
I just went to Walmart and all their prices were 50% less that yesterday.
And my house payment dropped $300 so far this morning.
And gas... did you see gas is down to $1.15 nation wide???
And...and...
YAWN... I just woke up out of this terrific dream.
That Fed cuts rate by 3/4 point!!! really means ANYTHING!!!!!! :roll:

 

[NoStateofMind]

Originally posted by: sportage

Fed cuts rate by 3/4 point!!!

OMG...
This is such great news!!!!
I just went to Walmart and all their prices were 50% less that yesterday.
And my house payment dropped $300 so far this morning.
And gas... did you see gas is down to $1.15 nation wide???
And...and...
YAWN... I just woke up out of this terrific dream.
That Fed cuts rate by 3/4 point!!! really means ANYTHING!!!!!! :roll:

But but if you're a rich investment banker it does....BUDDY!

 

[GrGr]

Originally posted by: senseamp
Just about sums up my views.

Run, not walk from the US Dollar and the US economy. The people supporting never ending bailouts to inflate our way out of this are winning, and it will be a debacle for both the dollar and the US economy itself. The greenback is a dead man walking, for sure.
Today's rally was a gift for people to get out of US currency and paper while there is still time.

Yup.

A fundamental factor for the lack of liquidity is that foreigners have stopped subsidizing US overspending due to the dying dollar. Inflationary policies will only destroy the dollar further. The US does not make ends meet and printing money to make up for the difference is not going to work.

The US dollar is a monetary tool underwritten by the US government. But the US government is illiquid which is the root cause of the problem. The US government cannot meet the value of all the dollars, and all the obligations, it has created.

The problem is not "fundamentals of liquidity", it is that the fundamental economy of the US is rotten. Huge Bubbles, Trade deficits, Government overspending, Pitiful currency and inflation policies. These things are already destroying the GLOBAL economy!

As long as the US is unable to pay it's debts the only way it can get 'liquidity' is through the printing press. This is destroying the banking system when too easy credit, created by the Fed, starts bubbles which when they pop eat up liquidity faster than the Fed's printing presses are debasing the currency which leads to even faster printing to keep up.