Feds chopped the interest rate again today...

[tinroofrusted]

I don't know if this is good or bad.

[tinroofrusted]

Oops. Just noticed another post about this. SOrry!

[B12]

I wouldn't exactly say a quarter per cent is chopping the rate, but hey, why would you think it is a bad thing?

Of course, it is good news. They are planning another cut in Dec. We will see.

[tinroofrusted]

I wouldn't exactly say a quarter per cent is chopping the rate, but hey, why would you think it is a bad thing?

Of course, it is good news. They are planning another cut in Dec. We will see.

I would think it is a bad thing because they are havingto do this to try to rebuild the economy. That means our dollar right now is unstable, and they are trying to balance everything out.

[chpxiii]

The dollar has also been dropping. I suspect to be able to compete with China and other cheap imported goods.

[CindyLou]

I know that it is all very confusing and I consider myself a pretty educated person....to BUY OR NOT TO BUY.....

[B12]

Got that right. Value of the dollar is low. Catch 22.