Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-23-2008, 07:50 PM   #21
Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,530
As an aside - boy am I glad I'm diversified, have a cash cushion and can control my lifestyle costs. As for the fed - hmm, yes, most of them are very bright people, but groupthink and emotional reactions can still afflict groups of smart people. I sense there is a real fear of the US economy in a recession or depression and a want to control it - however, complex systems are hard to control and unintended consequences can occur if one forgets a variable. The only thing I can control is being diversified, having a cash cushion and controlling my lifestyle costs. :-)
Deserat aka Bridget
“We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm.”
deserat is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-24-2008, 11:32 PM   #22
Full time employment: Posting here.
Retire Soon's Avatar
Join Date: Nov 2005
Posts: 655
The Fed may very well have reacted to a "false alarm" in the global sell-off that prompted the emergency interest rate cut Tuesday morning. A trader for the French Bank, Societe Generale may have triggered the meltdown with unauthorized trades. Consequently, it may be difficult for the Fed to convince the general public that it didn't overreact to the world market downturn.

Free Preview -
Retire Soon is offline   Reply With Quote
Old 02-01-2008, 12:25 PM   #23
Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 1,318
Yeah, I noticed that. But then they went and lowered it another half percent shortly thereafter. This can't be good for the dollar. Wonder when all those creditor nations are going to decide to give up on us and put their money somewhere that will try to maintain its value. If/when that happens in a big way, we could be in for some rough sledding.

In the meantime, I guess they're just using the cheap dollar as a chance to buy up America at bargain prices. One good outcome of this is that if everybody owns a piece of us, there may be fewer people prepared to bomb us Maybe we should be selling more of our Citibanks to the Saudis?
ESRBob is offline   Reply With Quote
Old 02-01-2008, 02:16 PM   #24
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
Job number was not that hot today. Maybe they aren't over reacting.

Payrolls Drop for First Time Since 2003: Financial News - Yahoo! Finance
Notmuchlonger is offline   Reply With Quote
I think they got this one right
Old 02-01-2008, 02:50 PM   #25
Recycles dryer sheets
aenlighten's Avatar
Join Date: Apr 2007
Posts: 275
I think they got this one right

With housing dragging on the economy, and lower rates not about to revive it, the lower dollar will help the import/export balance to take its place. Since countries with funds have nowhere else to invest it, they may start moving into real assets. That would be a desirable rebalancing.
aenlighten is offline   Reply With Quote
Old 02-01-2008, 02:57 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
Join Date: Aug 2006
Posts: 12,483
Originally Posted by barbarus View Post
He certainly does have a reason and it's not to benefit you or me!
You must have a lot in MM funds and CD's..........

I keep hearing folks lamenting the HIGH interest rates of the early 1980's........yeah that was a "great time" in the economy, stocks were stagnant, mortgages were 17%, unemployment was over 7%, we still were feeling the effects of the oil embargo........BUT you could get a 10-year CD for 12 % at some banks...........
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Explanation of Mortgage Rate & Interest Rate Enuff2Eat FIRE and Money 8 10-04-2007 02:25 PM
long interest rate Bart523 FIRECalc support 0 08-25-2006 04:07 PM
predicting interest rate changes Mysto FIRE and Money 4 05-05-2006 12:18 PM
Interest Rate Lock retire@40 FIRE and Money 13 08-04-2005 02:55 PM
EmigrantDirect Interest Rate Up MJ FIRE and Money 5 07-25-2005 09:57 AM

» Quick Links

All times are GMT -6. The time now is 09:26 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.