Feds just cut another quarter off interest rates - 11th cut this year

[Beau]

http://www.msnbc.com/news/670379.asp

Gawd... wish I was in position to buy a house right now!!! Sometimes the tech industry sucks! Need more money!

 

[Logix]

Get ready for some mad inflation next year. Nevertheless, this cut was necessary.

 

[Beau]

No kidding.... I had better get a cost of living increase this coming year!

 

[The Stigenator]

I think they have over done it this time around.

That cut was not necessary... the economy was just getting back its legs..

 

[Beau]

"... Lowest rate in 40 years..."

Almost no effect on the markets, too... except I guess the fell yesterday quite a bit 'cuz of the rumor

 

[bigdog1218]

the_good_guy

so the fed cut it for sh!ts and giggles, you must realize the economy hasn't gotten anything back yet, its still getting worse, not better, where do you people get this stuff from

 

[Beau]

numerous economists have suggested that the economy is starting to stabilize. In fact, many are predicting that there may be a general increase toward the third quarter of '02.

 

[The Stigenator]

I am predicting by second quarter of '02 we will see something, this after seeing the 4th quarter results in some markets of '01. the first quarter of '02 will have a difference in market dominance and once again computer retailers (dell, gateway, ibm) will be gaining hand. Other manufacturing markets will see a downturn until second quarter and then in teh 3rd quarter we should see it slowly getting back normal. however I believe this time around internet based stocks wont lead the market, it would be blue chips and technology that will push it.