September 06, 2007
– Comments (5)
Depends whether you mean stock market fallout or Johnny Sixpack fallout.
The market is going to be worse, I think, because of the speculative bets based on a rate cut.
Bottom line if you could get a standard mortgage 3 years ago, you can still get one now, so biz as usual.
They "KNOW NOTHING", the fed is powerless and the economy is a fraud. Just one huge credit card. We are headed towards a 20 year depression. It's inevitable only the timing is in question.
The debt markets are in such dire straights now, that I worry that if the Fed doesn't act in September it will create such a disaster they will need to step in and bail out the markets with desparate measures...then again if they do cut rates would it really do anything other than postpone the inevitable?
Let's get real, can a rate cute of .25% or not really make a big difference?
It will in the minds of investors.
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