FOMC announces it will expand its December meeting to 2 days

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

  1. 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


  6. 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


    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