Wow, my financial blogs started going crazy this afternoonw the news that the Fed cut rates… not just a quarter or a half – they basically cut them down to ZERO. Funny blog from Barrons here with cute snarky comments. 🙂
The long term rates still seem to be having problems and from what I understand, the Fed keeps cutting but banks are still NOT lending. Hopefully this helps out a bit more.
We are all going to get screwed in taxes at a later date with all this money being tossed around though. Yikes.
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