Quote:
Originally Posted by BOONESTOONS
Man, I'm glad you guys chimed in. Today the Fed cut the prime rate. That leaves more money in the consumer's pocket. It allows for more credit too. It was just what the doctor ordered.
|
Usually rate cuts take about 18 months to show any effect on consumers. Rate cuts can't do anything about the massive borrowing that we've been doing to boot our economy. 6 years of borrowing money without investing in infrastructure is taking its toll.
What's happening now is just the beginning. Get ready for a couple of tough years.
2007-09-20, 03:31 PM
Threaded Mode