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

[malkuth74]

Originally Posted by Peto

I'll give you a point for that comment about sending you a dollar ! But you won't get my dollar! I'm not scared of the financial turmoils because I don't have enough money to be scared about. What "concerns " me most this time is even GW is taking action. I suppose it could be an attempt on his part to control the media since nothing else has worked out for him :hmm:.

Well, if he would leave the market alone it might settle itself. Instead they lowered the interest rate (which if you think about it is what caused the Housing Market problem in the first place, whith people buying Low Vairable rate homes that they could not otherwise afford at the normal rate). And it will also lower the dollar yet again. Sooner that nut gets out the better. Starting to think that we should have 4 year term limits instead of 8. Its pretty ovious that no sane man can take that job for 8 years.

They will also send us maybe 800 bucks. Which is nothing considering if I get it during the winter its going to fill the oil tank for heat. Or it will pay off dept. Which brings me back to original point. If oil prices did not almost triple in 5 years like they did we would not be in this mess.