Comments on: Fed Cuts Rate - Good News or Bad? http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad Family, Fitness & Finances Thu, 20 Nov 2008 16:34:57 +0000 http://wordpress.org/?v=abc By: Jenn http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-44 Jenn Mon, 24 Mar 2008 17:48:48 +0000 http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-44 I will check it out! I will check it out!

]]> By: john http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-42 john Mon, 24 Mar 2008 03:35:39 +0000 http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-42 Hey Jenn - I hear ya! If everyone stopped spending and started saving and paying off debt, we would be in real trouble. Lucky for you and me, I think some people will not stop spending, EVER. Until you pry their credit cards from their cold, dead fingers. :) So, personally, I think it's a good idea to save and pay off debt. It's funny you mentioned that, as I have a post almost completed on that subject! Hey Jenn - I hear ya! If everyone stopped spending and started saving and paying off debt, we would be in real trouble. Lucky for you and me, I think some people will not stop spending, EVER. Until you pry their credit cards from their cold, dead fingers. :) So, personally, I think it’s a good idea to save and pay off debt. It’s funny you mentioned that, as I have a post almost completed on that subject!

]]> By: Jenn http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-40 Jenn Sun, 23 Mar 2008 23:31:14 +0000 http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-40 I just think the current economy is scary period. Personally, my natural response is to stop spending and pay off all our debts as quickly as possible. A good thing? I don't know, but seeing folks in serious debt with lower interest rates continuing to beckon them into further debt is sad. I just think the current economy is scary period. Personally, my natural response is to stop spending and pay off all our debts as quickly as possible. A good thing? I don’t know, but seeing folks in serious debt with lower interest rates continuing to beckon them into further debt is sad.

]]> By: john http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-34 john Sun, 23 Mar 2008 04:25:27 +0000 http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-34 I certainly agree with you about the fed being in panic mode. We are witnessing our government taking unprecedented action. I'm speaking of the fed meeting on a Sunday to lower interest rates and deciding to bail out the 5th largest investment bank in the world. I too am sceptical of lower interest rates being the fix all. It sure seems that we are in this mess in part because of super low interest rates. It is strange that more people don't seem to understand the magnitude of our current situation. I certainly agree with you about the fed being in panic mode. We are witnessing our government taking unprecedented action. I’m speaking of the fed meeting on a Sunday to lower interest rates and deciding to bail out the 5th largest investment bank in the world. I too am sceptical of lower interest rates being the fix all. It sure seems that we are in this mess in part because of super low interest rates. It is strange that more people don’t seem to understand the magnitude of our current situation.

]]> By: Genie http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-31 Genie Sat, 22 Mar 2008 14:00:33 +0000 http://www.ezgreatlife.com/2008/03/18/fed-cuts-rate-good-news-or-bad#comment-31 It seems to me that the Fed is operating in true panic mode! But – let’s get this straight – Bush announced that he wanted to make home ownership available to more people. Programs were started to let anyone who applied for a loan receive one. These low-interest loans were sold in bundles, without anyone verifying the credit worthiness. The chain of financial institutions got in trouble. So, the problem was easy credit, with lower interest rates acting as an enticement. Now the Fed says the solution is – lower interest rates?? It seems improbable that this will work. Last week, according to an MSNBC poll, 44% of people think that the economy is in serious trouble. This week, the figure is only 41% My question is: where is the other 59% shopping? Could someone please wake them up? It seems to me that the Fed is operating in true panic mode! But – let’s get this straight – Bush announced that he wanted to make home ownership available to more people. Programs were started to let anyone who applied for a loan receive one. These low-interest loans were sold in bundles, without anyone verifying the credit worthiness. The chain of financial institutions got in trouble. So, the problem was easy credit, with lower interest rates acting as an enticement. Now the Fed says the solution is – lower interest rates?? It seems improbable that this will work.

Last week, according to an MSNBC poll, 44% of people think that the economy is in serious trouble. This week, the figure is only 41% My question is: where is the other 59% shopping? Could someone please wake them up?

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