Anyone else just a teeny bit worried

[funeralcrasher]

about the Federal Reserve's move to lower interest rates to 0 - 1/4%?

2009 may go down in history as one of America's worst.

Comments

[johnbutler.livejournal.com]

Yes, everyone is worried about everything. It may well indeed be one of the worst. I think our federal deficit will balloon to the worst on record. We'll raise tax rates in the hope of raising revenues, and the opposite effect will happen.

Years ago I visited the former East Germany. I saw a lot of old decaying burned-out buildings, the legacy of another government that got too big. That's where we're headed. We're about to accelerate too.

[pkbarbiedoll.livejournal.com]

Russia overextended itself with military spending in the eighties. Russia is decaying.

We have done the same thing with the wars in the middle east we've been involved in over the past two decades.

[denabeth.livejournal.com]

I do not think it will make a difference for the average person when the housing sector is concerned. Won't help those looking to buy unless they have a excellent credit rating score (and a secure job). Also few are in the market anyway, with all the uncertainties of the economy (get the mortgage one day and lose ones job the next). The one sector that could benefit would be those who can refinance the interest rate on their present home. But then again, must have a good track record on making past payments on time plus that excellent credit score.