Wow-Fed Cuts Rates By Seventy Five Basis Points

[DemocratSinceBirth]

~

[Turbineguy]

1. It's better to panic late

than not to panic at all.

[DemocratSinceBirth]

3. I Have A Home And A Business And A Eighty Nine Year Old Mom I Have To Take Care Of

I am concerned...

[Turbineguy]

5. I'm retired

I may have to reduce my life expectancy by a number of years.

I'm trying to survive the Bush Administration without becoming a war profiteer, a Hate-Radio talkshow host, or a television preacher. That last one may not work out as I actually believe in God.

[dkf]

2. I was thinking they had to do this.

Gosh I was right this time.

I had seen speculation on 75 basis points for the first time last Thursday or Friday I think and was pretty shocked.

Bet this is why Europe rebounded.

[DemocratSinceBirth]

4. That's A Huge Cut

They are already talking about "pushing on a string" and "no aspirin left in the bottle"...

[FormerDittoHead]

6. Hmmm.. I think we're seeing the limits of supply based economics...

Pushing a rope from the poster above - good one...

Hmmm.. Maybe increasing the SUPPLY ISN'T the answer...

Why build if there's no one BUYING?

Why hire anyone if there are no SALES?

Where are the RICH people? Aren't they out there buying stuff and hiring new people? Oh, that's right. They have everything they want already...

But where's all the money? Oh, that's right - China, the Netherlands and Dubai.

Hmmm... I wonder...

Could DEMAND have anything to do with a good economy???

Naaa.. Taxcuts for the rich! Then they'll HIRE people! That's the ticket!

[elleng]

7. .75

The Federal Reserve lowered its benchmark interest rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London and the U.S. economy showed increasing signs that it's headed into a recession.

The central bank cut the target overnight lending rate to 3.5 percent from 4.25 percent, the Federal Open Market Committee said in a statement in Washington. Policy makers weren't scheduled to gather on rates until Jan. 29-30.'>>>

http://www.bloomberg.com/apps/news?pid=20601087&sid=ak1KitW7I_4s&refer=home