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Fed orders emergency rate cut to 1.5 percent

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posted on Oct, 8 2008 @ 07:16 AM
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ZIRP is very well possible with the current situation....


1.5% is like... no interest. Well of course it is interest but how low can you go? I don't think it's gonna help, and defenitly not long term. It's only a sign that things are really really bad!




posted on Oct, 8 2008 @ 07:33 AM
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the global network of central banks all lowered by .5%
about all that accomplished is to let a couple of inches of water out of the bathtub...

the margins between say Europe & England rates & the US rate remains the same...
I reckon the central banks feel that a .5% rate drop will magically cause the banks to start lending out their hoards of bailout monies they have been sitting on.

~No Chance Of That, imho~



looking down the road, after the present crises becomes more tamed,

i see the banks & financial services industry being able to increase their fees and cost of service.... their rationale' will be the increased fees are only reflecting the accoustomed income return on products which used to cost more... but with the decreased valuation a revised fee structure is necessary.
It really ammounts to 'inflation' disguised as a re-adjustment.

you know what i mean Verne ?



posted on Oct, 8 2008 @ 07:46 AM
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St Udio you are correct. The fact is the banks are sitting on a TON of money right now and refuse to lend. The reason why as I have stated in other threads has nothing to so with trust in eachother and everything to do with a coordinated effort to continue to tank assets so they can go in and use that cheap printed money to buy it all up. These guys made some bad bets and lost in the trillions so they will need to buy things for REAL cheap and sell them nice a high to make all of this up. Make no mistakes people these guys are coming for your houses and businesses and they will do this by causing mass bankruptcies. You people need to look at history we have seen this before.



posted on Oct, 8 2008 @ 07:57 AM
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I'm looking at the EU stock real time and it looks like the interest cut failed to help the markets. Everything went up a few precent but is now falling down faster then it was this morning.



posted on Oct, 8 2008 @ 08:03 AM
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Gains in 'before the bell' trading on this side of the pond have reversed their earlier fortunes as well . . . down a buck thirty



posted on Oct, 8 2008 @ 08:04 AM
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Futures are tanking now 1/2 hour before opening bell.

Premarket trading on some of the big financials (BAC, MER, others) are showing big drops. I don't know that we'll see much, if any gain today.

The TED spread has been fluctuating badly in the past few hours in the 350-401 range.

EDIT: US quarterly retail reports are being released - bad news all around.
Report on home sales due in an hour.
Bad news on these fronts will not help the stock markets at all.

[edit on 10/8/2008 by anachryon]



posted on Oct, 8 2008 @ 08:04 AM
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Originally posted by FreezeM
I'm looking at the EU stock real time and it looks like the interest cut failed to help the markets. Everything went up a few precent but is now falling down faster then it was this morning.


Same here. Closing time is approaching and pretty much everything is in the red. Strange.



posted on Oct, 8 2008 @ 08:12 AM
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all hands brace for impact!


today might just be the straw that broke the camels back, and we might possibly see a major crash in the U.S. Markets...

I'll be watching



posted on Oct, 8 2008 @ 08:31 AM
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Markets just opened.
Dow is -200 in opening moments. Yikes.



posted on Oct, 8 2008 @ 08:32 AM
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I just saw that myself...looks like today could be interesting to say the least.

Edit to add

Ohh it's jumping up now, think the dow might bounce back today?
Also the ban on sort selling ends at midnoght tonight so that could make tomorrow a very interesting day.

[edit on 10/8/0808 by Trayen11]



posted on Oct, 8 2008 @ 09:20 AM
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The Nikkei lost about 11% today, trending down steadily, but the Dow shoots up off the mark. You also saw a big rebound in the Dow yesterday before trending down again.

Well, Helicopter Ben and the Plunge Protection Team's fingerprints are all over the US markets--there's massive intervention going on to prop up share prices. This, like the rate drop, will only forestall the inevitable.



posted on Oct, 8 2008 @ 09:29 AM
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reply to post by gottago
 


And on that note, here we go on our marry way down again. Let's see if I can predict the future. Closing price on Dow today just a little above 9k. Lets say. 9,114.

Anyone else wanna play?



posted on Oct, 8 2008 @ 09:30 AM
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Optimistic guess... -250 by close because some will take the bait today (interest rate cut).



posted on Oct, 8 2008 @ 09:33 AM
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Originally posted by gottago
The Nikkei lost about 11% today, trending down steadily, but the Dow shoots up off the mark. You also saw a big rebound in the Dow yesterday before trending down again.

Well, Helicopter Ben and the Plunge Protection Team's fingerprints are all over the US markets--there's massive intervention going on to prop up share prices. This, like the rate drop, will only forestall the inevitable.


Yah, the gov't is pretty much bragging about the fact they are propping up stocks. Eventually they will crash though, and when they do, the U.S. will be so far in debt, they won't be able to help anyone.

I am thinking instead of a 700 billion dollar bailout, maybe they should have kept funds on reserve to help everyone survive after the market crashes.

we're looking at 1929 again. Only this time, the U.S. government decided to socialize the economy, and it will fail like most other socialist economic strategies.

expect and prepare for the worst. Research into the great depression, and expect it to be worse than that.



posted on Oct, 8 2008 @ 09:34 AM
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Originally posted by Manawydan
reply to post by gottago
 


And on that note, here we go on our marry way down again. Let's see if I can predict the future. Closing price on Dow today just a little above 9k. Lets say. 9,114.

Anyone else wanna play?


I'll bite


I'm gonna say 9755 for the Dow



posted on Oct, 8 2008 @ 09:40 AM
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reply to post by Manawydan
 


Right now US markets are pretty stable, slightly ahead; though the Dow ticker on bloomberg has disappeared for the moment. Makes you wonder just what the heck is going on, with 3 other markets actually closing today because of the bloodbath. Levitation act, my guess.



posted on Oct, 8 2008 @ 09:47 AM
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I think that the only thing accomplished by this is a more firm grip on my money.

Im lucky, my husband still has his job and his company. I can not say the same for too many people we know.

People are not spending like they used to, because they either do not have the extra $$ or they are worried they might not have that extra $$ tomorrow.

Rate cuts are not going to do anything other than scare people more.



posted on Oct, 8 2008 @ 09:48 AM
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U.S. markets are highly erratic. We've been 150+ and down 200+ unless than 45 mins.

currently we're down over 100...

usually market instability like that causes more declines. Its never a good sign to see the index jump all over the place.

We might see an all out crash after the housing reports come out. If we don't see a crash today, we'll see a 500-600 decline.

If we end less than 300 negative, I'll eat my shirt


edit: fixed typo


[edit on 8-10-2008 by nj2day]



posted on Oct, 8 2008 @ 09:58 AM
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Hearing some rumblings that some bad news is coming out of the Treasury. Looks like they're overextended on short term securities (i.e. 3mo T-bills, etc) and are in desperate need of people buying long term.
The Treasury is going broke, yo.


People are pulling everything out of the stock markets and socking them into things like 3 month Treasury bills; basically this allows the Treasury to "borrow" money from people, companies, other countries, and they pay the money back with a small amount of interest after a fixed time.
The Treasury needs more long term "loans;" it's too overextended on what it's getting in on the short term.



posted on Oct, 8 2008 @ 10:00 AM
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reply to post by anachryon
 



I would love to know where you are hearing this.

any links?




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