Will 0% Fed interest rate really help?

[wiggler4490]

I can't believe even at 0 interest it will stimulate this economy, If people have no jobs, maxed out credit cards, debt over what they make, new credit almost non exsistent. just seems like almost everyone is way over extended, I mean 2 cars for the price of one, house prices down 40% in a year, hell you can buy boats for prices I could'nt even imagine a year ago, Went to the bank the other day to draw out cash for a pc. of equipment, and bank said they did'nt have that much and I would have to order the funds and it would take 2 days to get, sure made me nervous. Just don't see how cutting rates will help, can you?-- maybe we should just move to Dubai

 

[ImaPoser]

Nope. I don't see it helping. I'm done financing stuff for now. even if it was at 0%, I don't want to be obligated to make payments with the uncertainty of what's going to happen down the road more than six months. I'll keep putting the old boat payment aside until I can pay cash for something. Same goes for a new truck as well.

 

[inbetween]

Does anyone else see Carter era inflation on the horizon?

 

[glh]

I have a spec home on a variable and my margin of credit directly tied to the prime. Every quarter-point down saves me about $200 @ month....

 

[Expensive Date]

Does anyone else see Carter era inflation on the horizon?

We could have deflation which in some ways is worse

 

[KENNYO]

0% is great if you're actually making payments. I still don't see how borrowing money is helping any one but those f*ckers that got us in this mess to start with!

 

[OneBadInjun]

We could have deflation which in some ways is worse

Deflation is actually closer than you might think. Not good.

 

[Sea-Dated]

Deflation is actually closer than you might think. Not good.

Not good at all:boxing_smiley: