Note this date on the calendar!!! Interest rates are officially COOLED OFF!?!

[redgtxdi]

I'd noticed that other banks and financial institutions had taken a more conservative approach to the last month's worth of news regarding the Fed, interest rates, housing, etc.

Well, it appears that things are simmering.

I checked today to see what my payoff was for my Emigrant account for September & first thing I see is that front page interest rate is now listed as 5.05% (down from 5.15% I *think* as late as yesterday).

Soooooooooo....................


Is this it?? Party's over??



(P.S. There are a few wild cards out there, like oil prices, unemployment, Christmas, elections.....but I feel a setup coming in regards to those so I don't know how I wanna play 'em in this scenario)

 

[GhettoFob]

doh

 

[DaWhim]

my i-bond is paying out over 7%.

 

[Dr. Detroit]

100% agree that rates have dipped a bit. Banks do not believe Bernake is going to raise rates until next year.

High rate on a 15-month CD was 6.03% last month. Down to 5.80% this month.

Shopping for high rates is getting harder now, but still, I'll take 5.5% on a 6-month CD for 0% risk. Compared to the 1% I was earning on cash 2yrs ago this is heaven!

 

[chuckywang]

Got a CD locked in at 5.37% for 3 months.

 

[redgtxdi]

Kudos to whoever voted "end of the world as we know it".........that is CORRECT!!



Actually, I see us gettin' seriously played for interest rates & oil.


NO WAY crude is gonna keep trading as low as it is. It went as high as it did for a reason. This dipping down to $2.50/gal (under $2 in some places) is a friggin' carrot!! We're gonna get HOSED on this one VERY soon!

Christmas will throw employment numbers up a bit and obviously misconstrue economic numbers 'til the beginning of the year.

THEN......(here comes the real wild card).......2007 should be waaay interesting. There'll be an election coming. What to do?? Pump money into an economy that's doing both bad *and* good at the same time?? Not do that & risk tanking the economy?? Housing??? Who knows??

I hear R.E.M. in the background......

 

[Dr. Detroit]

I hear R.E.M. in the background......

:music:It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine:music:

 

[mb]

Originally posted by: redgtxdi
Kudos to whoever voted "end of the world as we know it".........that is CORRECT!!

lol, I only voted that because I thought of the song