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If it goes to zero, then we're in line with the Japanese economy in the early 1990's.
They still haven't recovered the stock market highs that they had before they had to cut rates to zero back then.
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Rate cuts
They're at it again...
http://www.msnbc.msn.com/id/28223836Many economists predict the Fed will cut its rate in half — to just 0.50 percent. A few think the Fed could opt for an even more forceful action — lowering rates by a whopping three-quarters percentage point or more. If that larger cut occurs, it would be the lowest on records that track the monthly average of the targeted funds rate going back to 1954.
Re: Rate cuts
If it goes to zero, then we're in line with the Japanese economy in the early 1990's.
They still haven't recovered the stock market highs that they had before they had to cut rates to zero back then.
Re: Rate cuts
Originally Posted by Buster
I'd like to see rates cut on existing mortgages, I know they are tied to the 10 year treasury bond, but I got re-financed seven years ago and got 4.75. It would be nice to help those that have played by the rules and are paying their existing mortgages by lowering the existing rate so others might benefit from a little saving by re-financing at a lower rate. If I got it seven years ago at 4.75 it would be nice for others to cash in on a much lower rate; now that the economy is in the tank help those that have been doing the right things. Every dollar we can save in this economy will be a great help.
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