Quote:
Originally Posted by Kenswing
The Fed just dropped rates to 0%.  |
My opinion - huge mistake. Fed just signaled we are in big trouble here. No more bullets left in the quiver. My guess is this will backfire tomorrow. 0% interest great if you are borrowing not good if you are a senior just trying to be safe. The Fed just gave the banks a free coupon to charge us for the privilege of holding our money from this day forward.