Bdee

Under The Radar News - Tuesday

I agree PHLASH ! When they lower the rates again (and they will), we'll be seeing another "pop" in the financials. When the rate (now at 2.25%) is down to 1.5 or lower...every senior citizen on a fixed income that counts on interest from savings or CD's to supplement his/her already low income will find themselves deciding on which to purchase...heat, gas or food the next time they leave the house.
This mess cannot be fixed by lowering interest rates...it's a shame, with all this country's intellectuals, economists, think tanks and "analyst's" the media has more influence than all of them combined.
I simply haven't figured out what they are intent on doing here...a 12-18 month recession is imminent...that'll show them...and you, and me and the rest of the world...yikes !