Down, down, down go the interest rates. Normally, we stay away from syllogisms here at the Paty Quail, and I'm by no means an economist, but let's take a look here:
dropping interest rates + huge cash injections = "??"
"??" =:
a) massive inflation.
b) some inflation.
c) a sign that the old credit market isn't doing so good.
d) nothing of consequence. Move Along.
Seriously folks, the sub-prime mortgage crisis isn't going anywhere, and neither is the concurrent credit market turndown. A little inflation should help everyone out, right? Come to think of it, since I have no assets and I'm loaded with debt, this could work out in my favor...
Oh, and if you chose "d", don't worry. Everything will be just fine.
EDIT: CNN Money says it is only a matter of how much they will cut.
Monday, September 17, 2007
In Other News from the Fed
Posted by Hebbard at 11:36 AM
Labels: Financial, National News, News
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