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Federal Reserve Rate Cuts

Fed cuts rate to 1.5% yet, you won’t see a cut on credit card interest rates

Posted on October 8, 2008 @ 8:15 am by David Esrati

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Once again, the Fed has cut the rate it charges banks for money, in an effort to spur the economy. Uncle Sam takes care of those “too big to fail” yet- absolutely fails the consumer it claims it’s trying to help spend more freely. Now at 1.5% we’re getting close to giving away the dollar Read More

Fed cuts rates again- and it won’t help.

Posted on January 30, 2008 @ 5:42 pm by David Esrati

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What happens when the Fed can’t cut interest rates anymore? We’re getting really close to finding that out. No, wait, isn’t that sort of what the Bush administration “Stimulus package” is- when we borrow money from future generations, and hand it out for free? The Fed cut interest rates again today, and you should be Read More