Bernanke hints at rate cut (bankrupt, creditors, buying, interest)

[Lulu101]

Dow to close 700 pts up today.

[Buckeye in SC]

Originally Posted by Lulu101

Dow to close 700 pts up today.

I wish , maybe you meant to close down 700 pts. today at the rate it's going

[Lulu101]

your right. I thought there would be a rally because of rate cut, but there wasn't.

Originally Posted by Buckeye in SC

I wish , maybe you meant to close down 700 pts. today at the rate it's going

[Woof Woof Woof!]

Yes, Maynard Keynes said there are three things you need to do in order to stimulate the economy:

1) lower interest rates

2) Increase spending on infrastructure

3) Cut taxes

[northstar22]

Originally Posted by Woof Woof Woof!

Yes, Maynard Keynes said there are three things you need to do in order to stimulate the economy:

1) lower interest rates

2) Increase spending on infrastructure

3) Cut taxes

Wouldn't this cause massive inflation?

[Philosophizer]

Originally Posted by kazoopilot

Wouldn't this cause massive inflation?

Unless you can convince creditors that the USD is a good investment. When that confidence is gone, look out. It will happen so fast, you won't even know what hit you. HYPERINFLATION!!!

[joee]

He can make a rate cut but the psychology of the market present time is not buying it, even with a cut the lenders aren’t even testing the waters so for now it’s a no go, it’s going to be a waiting game of who goes first, bad news is as time goes on this thing is going to get deeper and deeper and the so called plan may very well fail, then we will actually be in deep do, I have no faith what so ever in Bernanke.

Later this year the indicators come out and when the numbers look bad which we all know they will the sh*t will hit the fan for another round, Foreign markets are sinking fast, Russia shutting down the market for several days, Iceland going bankrupt, this could very easily turn into a run away train, the engineer jumped ship, the gov is scrambling to throw switches in front of it to divert a derailment but crashing is becoming more of a reality rather than a possibility.

[Buckeye in SC]

Now that they actually cut it .5%, we'll see if it brings any stability to the markets.

[Lulu101]

Great, they did it, everything's solved.

[ylisa7]

Originally Posted by Lulu101

Great, they did it, everything's solved.

Yeah right. The futures are down. They don't know how to solve anything. It's scary that these fools are in charge of our financial system. You might as well hire Mickey Mouse. Oh well, it will soon be time to buy. I'll keep biding my time.

Lisa