FOMC announces it will expand its December meeting to 2 days

Discussion in 'Wall St. News' started by Daal, Nov 20, 2008.

  1. Daal

    Daal

  2. Monumental policy announcement to turn the prevailing psycho??
     
  3. They realized that they also need a bailout.
     
  4. Fed Funds AND Eurodollars at "par"! :cool:
     
  5. clacy

    clacy

    :D
     
  6. Daal

    Daal

    yup. bernanke says the first thing the central bank need to do to fight deflation is to announce 'short-term rates will stay low for a long-time', guess the deferreds might gap nicely!
     
  7. Until the so called low rates flow through to relail rates e.g. Mortgages then nothing will change. I am ready to refinance to a 3% mortgage and to start spending the savings :)
     
  8. Daal

    Daal

    we are getting there :p
     
  9. Retail rates? I'm borrowing money on margin for securities at 7.5% right now, and I can't see that getting much lower.
     
    #10     Dec 16, 2008