Wow that happened a lot sooner than I expected

Everything seems to be happening so quickly over the past couple of weeks. And the fact that they did this between normal meetings and did not wait two more weeks is very telling. If this rate drop doesn’t prop up the markets and economy then we could see some major pain this year. I hope it helps to stabilize things.

In response to this post by GreenvilleVT

Posted: 03/03/2020 at 10:13AM

Fed cuts 50. We are all going to die but will have very low funding costs. ** -- GreenvilleVT 03/03/2020 10:07AM

If more people shop, the economy will do better but more people get sick ** -- lchoro 03/03/2020 1:21PM

Kinda tells you where the priorities are. ** -- Stork 03/03/2020 11:21AM

But DOW is down 300 points ** -- Hokie360 03/03/2020 11:14AM

The rate cut got priced in yesterday on the expectation of a cut ** -- BleedinOandM 03/03/2020 12:50PM

The news found more people with the beer thing, panic must -- fordham 03/03/2020 12:25PM

DOW is a stupid metric. Use the S & P. ** -- CPRVHokie 03/03/2020 11:17AM

Don't disagree, but the Dow is good enough for Lounge work. ** -- Hokie360 03/03/2020 11:34AM

True, true ** -- CPRVHokie 03/03/2020 12:32PM

Anyone looking to refinance their mortgage? Might be a good play. ** -- HokieSignGuy 03/03/2020 10:37AM

Mortgage rates more dependent on 10 year treasury which has also plummeted -- CPRVHokie 03/03/2020 10:58AM

Just keep an eye on rates. A 15yr fixed might go down to 2.5. -- HokieSignGuy 03/03/2020 11:04AM

Already there ** -- CPRVHokie 03/03/2020 11:06AM

Really, I wasn’t seeing that posted yet. Maybe I am looking -- HokieSignGuy 03/03/2020 11:09AM

Not unless the 10 year treasury goes negative. Not impossible but unlikely. ** -- CPRVHokie 03/03/2020 11:13AM

Link to follow along. Crazy times...last time I said that was 2006. -- CPRVHokie 03/03/2020 11:16AM

Just saw the headline,, 10 year Treasury below 1% for first time ever. -- HokieSignGuy 03/03/2020 3:18PM

Wow that happened a lot sooner than I expected -- HokieAl 03/03/2020 10:13AM

Really surprised it was 50 cut and not a 25 cut ** -- moonda 03/03/2020 10:46AM

They were due for 25 anyway as they were behind the curve still. Market -- GreenvilleVT 03/03/2020 10:50AM

Read where this is a supply side issue not a demand side issue... -- `lag 03/03/2020 10:27AM

Treasury borrowed 200 billion dollars for February alone -- lchoro 03/03/2020 10:45AM

Wow that happened a lot sooner than I expected

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