Doomed - Feds cut to 2.25%

[Sockpuppet]

Panic cuts: http://news.bbc.co.uk/1/hi/business/7303404.stm

Too late says I.

Don't worry. Those 1 bed flat above the Kebab shop are safe.

[AtW]

I doubt this rate affects anything apart from the amount of interest desperate for cash banks have to pay to the Fed.

It's looking more and more like Japan in 90s when I think they had like 0% interest rate. And Japan, just like USA, actually still creates a lot of stuff.

[BrilloPad]

I doubt this rate affects anything apart from the amount of interest desperate for cash banks have to pay to the Fed.

It's looking more and more like Japan in 90s when I think they had like 0% interest rate. And Japan, just like USA, actually still creates a lot of stuff.

Agree strongly. not long b4 USA at 0% too. like pushing on a piece of string...