« Home | Wesco Annual Meeting Notes 2007 » | New Apple iPOD Nano Commercial » | Setara Qassim Is Too Sexy To Fly » | Shanghai World Financial Center Looks Like a Giant... » | Northern Rock Goes Bust - Customers Run on Bank » | OMG! EONS is RUN BY MORONS » | There is No Vanessa Hudgens Sex Tape LOL! » | Goldman Sachs Global Alpha Blows Up Again! » | Cash Warren Dumps Vera Mishina - Cheats on Jessica... » | Counterfeit iPhones Flood the Streets of Taiwan an... »

September 18, 2007

Fed Rate Cut Extends Lifeline to Deadbeat Borrowers

posted by MR WAVETHEORY at 9/18/2007 12:15:00 PM
The Fed just increased the risk of the financial markets by extending a 50 basis point rate cut.

1) Credit card borrowers get a lower rate. Hurray for more 0% credit card offers.
2) Home flippers get their ARMs lowered to a more affordable rate. Expect more home flipping!
3) Housing bubble gets reinflated. Expect home values to stay where they are!
4) Home owners who refinanced their floating rate loans to fixed rate loans get screwed again! ARMs are now all the rage again!
5) Subprime lenders get more time to unload and mark to model their worthless paper.
6) Stock market gets a 300 point boost! Expect more to come. We're coming up on elections!
7) Gold keeps going higher. What can you expect!? When you keep printing money, people run for the hills!

Uncork the champaign. Say hello to Ben Bernanke - the Web 2.0 version of Alan Greenspan. We will just inflate our way out of our problems.

Previous Posts


Post a Comment

Links to this post:

Create a Link

<< Home