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Honored Contributor
Kachina624
Posts: 69,744
Registered: ‎03-10-2010

Federal Reserve

‎03-15-2020 05:21 PM

Just cut the prime rate to 0% to stimulate the economy during this period of crisis.

New Mexico☀️Land Of Enchantment
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Honored Contributor
gidgetgh
Posts: 12,921
Registered: ‎03-09-2010

Re: Federal Reserve

‎03-15-2020 05:22 PM

The cut a week or so ago didn't go over too well.  It will be interesting to see how the stock market reacts to this cut.


Why is it, when I have a 50/50 guess at something, I'm always 100% wrong?
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Honored Contributor
Porcelain
Posts: 8,736
Registered: ‎02-19-2014

Re: Federal Reserve

[ Edited ]

‎03-15-2020 05:23 PM - edited ‎03-15-2020 05:31 PM

We aren't even at the crisis part yet.

When you’re accustomed to privilege, equality feels like oppression.
"Power without love is reckless and abusive, and love without power is sentimental and anemic." - Dr. Martin Luther King Jr
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Honored Contributor
Laura14
Posts: 16,167
Registered: ‎06-09-2014

Re: Federal Reserve

‎03-15-2020 05:25 PM

I didn't think I could earn less than the 30 cents I got all of last year for my savings account.  Smiley Sad

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Honored Contributor
geezerette
Posts: 19,712
Registered: ‎03-16-2010

Re: Federal Reserve

‎03-15-2020 05:29 PM

@Laura14 wrote:

I didn't think I could earn less than the 30 cents I got all of last year for my savings account.  Smiley Sad

@Laura14 

 

Wait until you have to pay the bank to keep your money.

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Honored Contributor
Laura14
Posts: 16,167
Registered: ‎06-09-2014

Re: Federal Reserve

‎03-15-2020 05:30 PM

@geezerette I was just thinking that's next!  Sizing up the mattress as I type...

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Honored Contributor
QueenDanceALot
Posts: 14,488
Registered: ‎04-18-2013

Re: Federal Reserve

[ Edited ]

‎03-15-2020 05:36 PM - edited ‎03-15-2020 05:38 PM

@Porcelain wrote:

We aren't even at the crisis part yet.

@Porcelain 

 

We can always cut the interest rate to below zero.

 

P.S.  it's already better than Chrismas!!

 

 

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Respected Contributor
RoughDraft
Posts: 4,793
Registered: ‎03-09-2010

Re: Federal Reserve

‎03-15-2020 05:38 PM

Where's my Xanax?

~The only difference between this place and the Titanic is that the Titanic had a band.~
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Honored Contributor
QueenDanceALot
Posts: 14,488
Registered: ‎04-18-2013

Re: Federal Reserve

‎03-15-2020 05:39 PM

@RoughDraft wrote:

Where's my Xanax?

@RoughDraft 

 

It will be in your Easter basket.

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Respected Contributor
RoughDraft
Posts: 4,793
Registered: ‎03-09-2010

Re: Federal Reserve

‎03-15-2020 05:41 PM

@QueenDanceALot wrote:
@RoughDraft wrote:

Where's my Xanax?

@RoughDraft 

 

It will be in your Easter basket.

@QueenDanceALot   If the Easter bunny doesn't get to it first.  Woman LOL

~The only difference between this place and the Titanic is that the Titanic had a band.~
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