Fed Cuts Interest Rates to near Zero, Coordinates with Other Central Banks to Combat Coronavirus

[ducks]

Time to refinance my house

[Will Hunting]

Hopefully we don’t hit a recession, not a whole lot of quan ative easing the fed will be able to do if rates are already at zero.

[Millennial_Messiah]

Hopefully we don’t hit a recession, not a whole lot of quan ative easing the fed will be able to do if rates are already at zero.

I hope we do, so I can buy up all the fixer uppers for like 10k a pop at near zero interest tbh and when this passes by after a couple years I'll be a multi millionaire

[Trainwreck2100]

Hopefully we don’t hit a recession, not a whole lot of quan ative easing the fed will be able to do if rates are already at zero.

lol we're definitely hitting recession territory, the supply hit from no china for a month, the lost wages, industries based on travel getting ed.

[ElNono]

Hopefully we don’t hit a recession, not a whole lot of quan ative easing the fed will be able to do if rates are already at zero.

Damn, this virus basically wiped out all the great work Obama did to recover the economy, tbh...

[baseline bum]

lol we're definitely hitting recession territory, the supply hit from no china for a month, the lost wages, industries based on travel getting ed.

No China for a month? We have already been no China for like 3 months.

[Will Hunting]

lol we're definitely hitting recession territory, the supply hit from no china for a month, the lost wages, industries based on travel getting ed.

I know we’re headed for a recession. That’s kinda the point of what I was saying.

[Splits]

Damn, this virus basically wiped out all the great work Obama did to recover the economy, tbh...

[Will Hunting]

I hope we do, so I can buy up all the fixer uppers for like 10k a pop at near zero interest tbh and when this passes by after a couple years I'll be a multi millionaire

Yeah sorry your shtick is played out.

[Will Hunting]

Damn, this virus basically wiped out all the great work Obama did to recover the economy, tbh...

No kidding, tbh. Trump was dealt a winning hand with Obama’s economy and he’s managed to it up.

[ElNono]

And I don't mean to say Trump ed it up, the virus clearly not his fault, but now that riding that gravy train is over, we'll see how it works out. Hopefully not like the Taj Mahal...

[Splits]

Reach deep into your pockets and support your community

[TheGreatYacht]

Good . Time to seriously look into refinancing my mortgage.

[Trainwreck2100]

No China for a month? We have already been no China for like 3 months.

yeah but we still had some chains and storage products that kept us going through mid feb i'd say. Now we're getting to that pinch where we're seeing it just out. Hopefully when this stabilizes corporations learn their lessons about just giving all the jobs to some backward ass country cause it's cheap, might not be the best idea. Spoiler alert, they won't

[ElNono]

Last time we were with near zero rates was the housing bubble pop?

This is difficult, because monetary systems don't have many more levers. After that, you have to go into QE and stimulus.

[Trainwreck2100]

And I don't mean to say Trump ed it up, the virus clearly not his fault, but now that riding that gravy train is over, we'll see how it works out. Hopefully not like the Taj Mahal...

firing the pandemic team, being a sycophant who literally only cares about keeping the numbers down, that's where he ed up.

[ElNono]

firing the pandemic team, being a sycophant who literally only cares about keeping the numbers down, that's where he ed up.

Sure, mistakes were made, but the virus showing up is not his fault.

[TeyshaBlue]

Hopefully we don’t hit a recession, not a whole lot of quan ative easing the fed will be able to do if rates are already at zero.

That's what makes the case for front loaded QE.

[Will Hunting]

and futures are down sharply in reaction to this

More brilliant monetary policy from Jerome Powell.

[hater]

and futures are down sharply in reaction to this

More brilliant monetary policy from Jerome Powell.

they basically emptied their gun on this

there's nothing else they can do besides saying it we will print a gazillion dollars

[phxspurfan]

Time to refinance my house

Too late. Banks raising rates as we speak to profit off of everyone (incl myself) trying to refi

[baseline bum]

So, futures hit the down limit tonight. Tomorrow are is it going to fall enough to halt trading?

[Will Hunting]

So, futures hit the down limit tonight. Tomorrow are is it going to fall enough to halt trading?

Would be surprised if it doesn’t. Tomorrow probably erases most of Friday’s gains.

[baseline bum]

Would be surprised if it doesn’t. Tomorrow probably erases most of Friday’s gains.

Most? I didn't mean just trip a circuit breaker with a 15 minute halt, I meant trip all three and shut down trading for the day. Gotta wonder if this might be the hit the fan week.

[Will Hunting]

Most? I didn't mean just trip a circuit breaker with a 15 minute halt, I meant trip all three and shut down trading for the day. Gotta wonder if this might be the hit the fan week.

We still have a lot of cities that haven’t fully shut down yet. I think it’ll be next week.