Fed drops rate again…

December 17, 2008 · Filed Under Odds & Ends 

mpj018244200001Now when you read the title of this blog read it using that lovable voice of Forrest Gump. You know when he kept going to the Whitehouse and meeting the President. Well so now we are in unprecidented territory with a first time ever range of 0-0.25% interest. The sad thing is that it seems most people don’t think that will help much since banks are hoarding the money they still have so their balance sheets look much better and consumers are not doing just that, consuming. What is that infamous curse? May you be born in interesting times or something like that? I think we are in for some very interesting times.

Have a Happy Day! :)

 

Kelly…

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One Response to “Fed drops rate again…”

  1. Real Estate Secret Info » Blog Archive » Fed drops rate again… | The Wallace & Kelly Real Estate Blog on December 17th, 2008 11:28 am

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