Turmoil in financial markets, FED cuts 3/4 in emergency move

Onkel Neal · 01-22-08, 12:48 PM

Well, things on the economic front are getting interesting. US is slipping into recession, and world markets react with large losses. Today the Fed cut federal fund rates by 3/4 a percent and may follow with another cut at the next meeting. We're going down and we're taking you with us!

The media certainly loves to employ colorful terms to describe this mess; panic, free fall, bloodbath, fear...

http://online.wsj.com/article/SB120100837976106391.html?mod=special_coverage

http://www.cnn.com/video/#/video/business/2008/01/22/market.meltdown.roundtable.cnn

http://www.foxbusiness.com/markets/article/fed-slices-rate-075-possible-sign-panic_445564_2.html

http://www.cnn.com/2008/BUSINESS/01/22/markets.plunge.asia/index.html

sonar732 · 01-22-08, 12:55 PM

With having a family of 5, I'm looking forward to seeing what the president and congress come up with regarding their economic stimulus plan.

SHOW ME THE MONEY!!

XabbaRus · 01-22-08, 12:57 PM

Well from everything I have been reading this shouldn't be happening. The US govt knows the situation, Bush signed of on a package of measures the other day which should do some good, but it seems the investment market has assumed it won't happen which it has, ignored it and sold off.

So I say buy some stocks sit tight and things will be better in a couple of months.

JSLTIGER · 01-22-08, 12:59 PM

I liked the CNN graphic this morning that read "Market Meltdown." Puh-leaze... it's pretty minor right now, especially if you want to compare it to the likes of the Great Depression.

AVGWarhawk · 01-22-08, 01:13 PM

This was a long time coming. No matter, Bush will give out $700.00 checks to everyone and all will be well

.

SUBMAN1 · 01-22-08, 01:18 PM

Hmm. Might be a good time to buy some preperty to those who might be interested. Cheap rates! You might make a boatload if you hang on to it for a few years at little expense to yourself!

-S

STEED · 01-22-08, 01:38 PM

According to our great leader

Gordon Brown we are in the green and looking good to ward of any recession.

So people of Great Britain stand by for a cut in the interest rates and spend your money like crazy, just like you did under Tony Blair.

BTW if you go in the red make sure it's over £75,000 and your debt will be a write off.

01-22-08, 12:48 PM	#1
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,385 Downloads: 541 Uploads: 224	Turmoil in financial markets, FED cuts 3/4 in emergency move Well, things on the economic front are getting interesting. US is slipping into recession, and world markets react with large losses. Today the Fed cut federal fund rates by 3/4 a percent and may follow with another cut at the next meeting. We're going down and we're taking you with us! The media certainly loves to employ colorful terms to describe this mess; panic, free fall, bloodbath, fear... http://online.wsj.com/article/SB120100837976106391.html?mod=special_coverage http://www.cnn.com/video/#/video/business/2008/01/22/market.meltdown.roundtable.cnn http://www.foxbusiness.com/markets/article/fed-slices-rate-075-possible-sign-panic_445564_2.html http://www.cnn.com/2008/BUSINESS/01/22/markets.plunge.asia/index.html

01-22-08, 12:57 PM	#3
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	Well from everything I have been reading this shouldn't be happening. The US govt knows the situation, Bush signed of on a package of measures the other day which should do some good, but it seems the investment market has assumed it won't happen which it has, ignored it and sold off. So I say buy some stocks sit tight and things will be better in a couple of months. __________________

01-22-08, 12:59 PM	#4
JSLTIGER The Old Man Join Date: Jan 2004 Location: Parkland, FL, USA Posts: 1,437 Downloads: 5 Uploads: 0	I liked the CNN graphic this morning that read "Market Meltdown." Puh-leaze... it's pretty minor right now, especially if you want to compare it to the likes of the Great Depression. __________________ Thor: Intel Core i7 4770K\|ASUS Z87Pro\|32GB DDR3 RAM\|11GB EVGA GeForce RTX 2080Ti Black\|256GB Crucial M4 SSD+2TB WD HDD\|4X LG BD-RE\|32" Acer Predator Z321QU 165Hz G-Sync (2540x1440)\|Logitech Z-323 2.1 Sound\|Win 10 Pro Explorer (MSI GL63 8RE-629 Laptop): Intel Core i7 8750H\|16GB DDR4 RAM\|6GB GeForce GTX 1060\|128GB SSD+1TB HDD\|15.6" Widescreen (1920x1080)\|Logitech R-20 2.1 Sound\|Win 10 Home

01-22-08, 01:13 PM	#5
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,282 Downloads: 90 Uploads: 0	This was a long time coming. No matter, Bush will give out $700.00 checks to everyone and all will be well. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

01-22-08, 01:18 PM	#6
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	Hmm. Might be a good time to buy some preperty to those who might be interested. Cheap rates! You might make a boatload if you hang on to it for a few years at little expense to yourself! -S __________________

01-22-08, 12:55 PM	#2
sonar732 The Old Man Join Date: Jul 2003 Location: Central MO Posts: 1,562 Downloads: 6 Uploads: 0	With having a family of 5, I'm looking forward to seeing what the president and congress come up with regarding their economic stimulus plan. SHOW ME THE MONEY!!

01-22-08, 01:38 PM	#7
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	According to our great leader Gordon Brown we are in the green and looking good to ward of any recession. So people of Great Britain stand by for a cut in the interest rates and spend your money like crazy, just like you did under Tony Blair. BTW if you go in the red make sure it's over £75,000 and your debt will be a write off. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!