Fed cuts discount rate to 5.75% to Help Housing Bust
The Federal Reserve announced Friday that it's cut the discount rate by a half percentage point to 5.75%. "It's conceivable that the Fed's actions today could go a long way toward restoring liquidity to the markets," said David Greenlaw, an economist for Morgan Stanley.
Will this mark the bottom of the housing slide? Don't count on it! [tags]interest rates,housing bust,housing market,real estate[/tags] San Diego Realtors
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It’s about time the government stepped in to help San Diego’s desperate homeowners. I think this could be the beginning of a turnaround for the San Diego market. cosmetic dentist San Diego
Rate cut or not, don’t think it’s going to stop the San Diego housing decline. Smart people should invest in gold; it’s the best investment in turbulent times like these. gold nuggets
These cuts are neverending yet still aren’t helping.
Veronica
San Francisco California Lawyers
There is plenty of blame to go around. As for me and my house(my company) we will do what is right all the time period…We all need to do what is right all the time.
Grant
San Diego Laser Eye Surgery
As the Chairman of The Federal Reserve spaeaks about “Juicing the Economy” are we as Americans looking to what the long term will bring. If we keep making the dollar so easy to borrow as a short term stimulus to our econmy are we not devaluating the currenct abroad making foriegn products cost more to import?
Lenny
San Diego California Plastic Surgery