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Sequoia

How do you feel about the key interest rate slashed half-point?

Funds rate not lower since 1958!
Dick:

I know they are trying to stimulate the economy but I fear it may just keep this bad credit problem going as they still have not stopped the mandates that created the problem to start with" The Housing Reform Act" must be repealed before we can truly start to get out of this mess.

Sequoia:

I hope not Dick! This is how we got into this current mess to begin with! Thank you!

Jodi:

Another band-aid on a shotgun wound......

Sequoia:

But think positive! It is a start!

Ginger:

Well, the market for the financials went up, so somebody must think that it was a good move.

Sequoia:

I am hoping it is a good sign Ginger! Thank you!

Russ:

The Fed has shot the final arrow in it's quiver...the rest is up to the markets, themselves...what is needed is an increase in rates, which would make it more expensive for the short sellers to finance their speculations.

Ginger:

The FED's concern is the economy; not the stock market. The cut in FED funds rate loosens the jam in the credit market.

Russ:

no...the cut has nothing to do with liquidity, Ginger...this is cut is inflationary...and that is contrary to the fed's mandate.

Ginger:

The cut has to do with bank lending between banks. That is liquidity. Currently banks are reluctant to lend to other banks, even overnight.

Sequoia:

Good point Russ! Thank you.

I agree Ginger! Thanks!

Warlock:

Hello LISA-007:

as of 10/30/2008 the over night key interest rate was slashed a half-point to 1%
But that is only for the BIG Boys and only for OVER NIGHT interest rates.

There are other tools in the tool box the Fed could pullout and use.
Hold on to your hat.

Sequoia:

Hello L..V. You bet I am holding on! Thanks!

Warlock:

The ones that can keep cool, Stop and think will make it!
The next question is who will blink first?

I for one, put you in that group that thinks! LISA-007

Best Regards

Sequoia:

You are so sweet! Thank you....Of course it goes without saying how much of an asset you are to our site! :) Have a great day!

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