Pretty soon, it will be negative....
Recession, do-dah!

I need to build a house!!!

God, what a mistake...

Doesn't he realize how long it takes for this shiat to work its way through the system???

Overcorrection is gonna fvck us in the long run.

OhmygodlikethefedcutintrestratesagainandIwentWeeeee!

This is all just words and numbers to me. I'm a college graduate in business, and I can't even understand interest rates, etc. But hey, I play video games real good!!!!

It's not fark, it's cnnmoneyline.com

The Fed cuts interest rates a half a point, do dah, do dah.

Gotspider,

Gee, why doesn't Alan Greenspan listen to you? You obviously know a lot.

Sadly, politicians don't realize that trying to change the economy's course is like trying to steer an aircraft carrier... and neither does the public who ALSO wants a quick fix.

In the meantime, I think it's time for a small business loan!

Fb-

I hope you're not being sarcastic... I've been looking for someone who sees this too.

Don't get my hopes up.

-Got Spider??

The economy is in piss poor shape. Lowering interest rates, creating incentives for people to spend and assistance to people that have been laid off are very prudent.

From my standpoint, this is insignificant compared to the Treasury Secretary's announcement last week that 30-year bonds will no longer be sold. Mortgage rates took an immediate nosedive. I just refinanced a few months ago and I'm thinking of doing it again.

They'll be getting to zero percent pretty soon, and then we'll be in the same boat as Japan, if we aren't already.

Can you say "deflationary spiral"?

Go here for an explanation

Yep. Give Bush another year and they'll be paying us to take money.

Now, I'm not an economics major, but this needs to stop. Boojieboy's right, and it scares me.

THE PRESIDENT DOES NOT CONTROL THE ECONOMY!!
I am sorry but I hate people. Esp. stupid people.

what, that I'm right?

Boojieboy's right, and it scares me.

Which part? Deflation, or Boojieboy being right?

Boojieboy thank you for posting that. Saved me some typing.

Once again, Bush is responsible for the economy sucking ass. Shogo, get your head out of your liberal treehugging ass and realize the notices of this happening have been around for quite sometime, even GASP before Bush was vited in by the Spureme Court.

I meant Supreme. Honest.

How low can you go?

Rock bottom soon and then what? Free money?

Course corrections work when you have time to let them correct the course... In this time and place (america post terrorism) it is a "new" economic climate.
i.e.
Car dealers making 0% intrest and loosing money...

I think everyone is impatient and thinking in the short-term which might screw us all.

Interest rates in Japan have always been around 2% or 3%

& btw, why is visa interest rates still stuck at 18%?????

Wake me up when the interest rate starts getting into negative numbers. Then we'll talk.

-he who stacks pork

11-06-01 03:05:08 PM Drew
Interest rates in Japan currently are 0%

why dont you go to Japan for a line of credit

TennesseeBuck: thanks I was just about to say that before the Bush haters started popping up.

Gotspider I do agree with you about it takes a long time for the other cuts to kick in, I think that Greenspan maybe is just adjusting to updated data and making a correction to the initial cuts, or it could be that he just didn't want everyone to freak out about a big cut up front.

Of course I'm just a programmer that hangs out on fark all day.

Oh yeah, Hehe I said bush....

I may be wrong, being as finance is not my area of l33tness, but wasn't Greenspam raising the rates about a year and a half ago.

bastards I tell ya

does this erase my student loans?

Anyone getting deja vu out of this besides me? Remember W's daddy back in the Persian Gulf war? Extremely high approval rating, everyone loved him, blah blah blah. Did he get reelected? Nope, while he was busy diddling around overseas the economy plummeted and he got booted out of office. Americans are less scared of terrorist attacks then waking up the next morning and finding a pink slip in their inbox.

"It's the economy stupid"

agreed, tho--Bush has very little to do with present economic situation.

It's HIS fault:

Two words:
Liquidity Trap
There was an article in the Wall Street Journal a couple weeks back that postulated we are in a liquidity trap, first theorized by Keynes back in the day (like 70 years ago or something). It occurs when people, sensing more unstability, prefer cash (liquidity) to investment or debt incursion-- no matter how low the interest rate.

Japan is a prime example of this. Everytime I'm in Tokyo, I hear more, "Maaaa, doukanaaaa..." which roughly translates to "Hmmm... who knows...." every time the economy comes up-- and I'm talking about policymakers, not just schmucks on the street.

If you're a tenured professor, or have a contract position in a stable (big) company, then borrow out the wazoo-- hell, buy stocks with borrowed money!! Otherwise, start freeze-drying pot (the only viable currency/commodity after it all comes apart).

The Fed says, "Fefferrrrrrrr.... Buuuyyyy a hoooooouuuuuuuuusse....."

Anybody have a few thousand bucks I can borrow?

Hey, goodie for me. I'm about to buy a house.

Well, it worked for Japan... oh wait... shiat.

"It's the economy stupid"

LOL

One of the christmas gifts Clinton gave to Bush.

Let's see if I see any kind of a connection, Current President economy horriable, 12 years of Reagan and Bush, economy horriable, Hoover a Republican president in office during the Great Depression. Under Nixon the US saw the first time only inflation during Peace Times. I don't know, I don't like either party but If it happens everytime a group of people are in power, why in the hell think that the next time is going to be any different?

Nevermind that we have now seen the trickle down economy used yet again, it didn't help in 12 years that it was in use and it isn't going to help again. If Bush really wanted to help the economy he wouldn't just simply give tax breaks to companies, he'd give tax breaks to companies that hired people and didn't lay people off.

People with jobs is what stimulates spending.

"Most economists are now predicting the U.S. economy will slide into a recession, if it hasn't already."

Of course it has already, It's been in a recession every since I finished college in '93 and although I've managed to GET BY okay, it hasn't been easy, certainly not like it was say fifteen years ago. (Even though the stock market crashed that year.)

If the government really wanted to help the US out, they'd re-introduce trades and tariffs and maybe we'd see more things saying "made in the USA" and not "made in China"!
I know, I know "Keep on dreaming...." I will.

I can't speak for most Americans, but I'm tired of going bankrupt between each paycheck.

Maybe we should convert to communism or collective farming.

But seriously, its that damn Slick Willy "strategery" that is coming back to haunt us. for those of you that are saying "Thats what you get for electing Bush" that is completely incorrect? How can a president, in office for 10 months have that effect on the economy? Especially since he has nothing to do with the Fed Reserve?

But think about it, if we did go RED (commy) mayble people would stop hating the US!

Matzug
Maybe we should convert to communism or collective farming.

Socialism ain't bad.

Socialism is good in moderate doses, such as health, education, etc

Great. The feds drop interest rates again, which means another onslaught of telemarketers calling to see if I want to refinance my house.
yehaw

But think about it, if we did go RED (commy) mayble people would stop hating the US!

Too bad that the 50's scare and all the propaganda against communisim was so great that it will take generations to see that it was a progressive step forward for mankind just as much as America was 200 years ago.

It's been in a recession every since I finished college in '93

Did you miss the last few years of unsustainable growth?

Nkosika: You really need to explain that *progressive step forward* comment.

Wait-- are these pro-communist and pro-socialist statements o=in this thread serious or sarcastic? How could anyone possibly be advocating this kind of marxist tripe now? Communism a progressive step? bwahahahahahaha.....

Socialism good in education and health care? where does the money come from? the ocean? trees? your ass? bwahahahahahah.....

I seem to recall the economy beginning to nosedive towards the end of Clinton's presidency, a couple of months before the election. That Dubya! He's so evil, he could stomp on the economy even BEFORE he became president!
Pheh.
From what few parts of my economics class that I didn't sleep through, I gathered that there was something called a market cycle, where the US economy had a tendency to rise and fall over time, though always maintaining a general upwards movement.

I'm all for socialized education, health care, and UTILITIES. We're paying to subsidize stuff anyway. The money comes from the taxes we pay ( duh ).

Look how well de-regulating ( de-socializing ) the power companies did in california ( spoiled child of america ).

The private companies had money gushing out their orafices while the gutted remains of the socialized systems ( sure, have the taxpayers bail 'em out ) got raped.

Hmmmm. Which rich mofo and his political friends got richer off of that one.

Anyone interested in privatizing water?

This keeps up I'm going to go out and buy a couple of rental properties with my Visa. At a 4-5% APR most places will rent for more than the mortgage payment.