puddytat

Canada Takes Rates to 50 Year Low

Funny thing is that the prime rate dropped 75 BP but the banks pocketed 25 BP for themselves and dropped some lending rates by only 50 BP.
For my money all this lowering of interest rates does is promote more borrowing and more debt. What the world needs.. ESPECIALLY THE USA ... is alot less debt and living within your means. If growth is the sole goal of monetary policy at any cost than we should get alot more Greenspans into the policy making positions. Oh wait... wasn't he the bone head who got us into this mess in the first place.... wasn't he the one who was knighted by the Queen for all he did for the English private bankers. IE the Fed.
Just because higher interest rates were introduced in the Great Depression doesn't mean that lower interest rates will solve the problem especially since there were no derivatives in the dirty 30s. The world has a humongous problem and piling more debt on debt is not solution.

Profiting from the $700 Billion Bailout

Let me speak up here. If the US has 700 billion to boot around why not spend it on infrastructure, roads, bridges, hospitals , schools, universities etc. That would yield tens of thousands of jobs and have a solid foundation for generations to come. Conversely taking 700 billion and putting it into a black hole will put a debt and tax burden on the American people for generations to come. I am a Canadian and am outraged at the audacity of your president to suggest a bailout is the only way. NOT. Give the money back to the people... don't give them a giant bill they will never ever be able to repay. I just don't get your leaders today. Rob from the poor to give to the rich and tell us that is far to complicated for us to figure out and just trust us. You gotta be joking right??

Profiting from the $700 Billion Bailout

Let me speak up here. If the US has 700 billion to boot around why not spend it on infrastructure, roads, bridges, hospitals , schools, universities etc. That would yield tens of thousands of jobs and have a solid foundation for generations to come. Conversely taking 700 billion and putting it into a black hole will put a debt and tax burden on the American people for generations to come. I am a Canadian and am outraged at the audacity of your president to suggest a bailout is the only way. NOT. Give the money back to the people... don't give them a giant bill they will never ever be able to repay. I just don't get your leaders today. Rob from the poor to give to the rich and tell us that is far to complicated for us to figure out and just trust us. You gotta be joking right??