Feds chopped the interest rate again today...

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

Oops. Just noticed another post about this. SOrry!

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 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.

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

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

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