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Monday, September 17, 2007

In Other News from the Fed

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.

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