While this may help a little bit, its not going to solve the problems. With the restrictions in getting a loan its not going to matter that rates are lower. I think we may see what happened to Japan in the 90s happen to us.
HP: If I handed you $500,000 today, what would you do with it?
Schiff: My advice would be to convert your dollars to foreign assets, mostly quality, high yielding stocks, as well as some physical precious metals and mining and energy stocks.
Under no circumstances should anything be left in U.S. dollars. The biggest casualty of the real estate bubble, and any attempted government bailout, will be the value of our currency.
So I want to follow his advice, it seems sound to me, but I don't have the time to research and trade individual stocks. Any advice on some ETFs that track high yielding foreign stocks?
(Actually I'm a little wary of foreign stocks. Isn't Europe in the throes of a credit collapse just like us? And isn't China in the middle of a stock bubble?)
The FOMC shocked the markets with a super-sized half-point easing, hoping to keep disruptions in financial markets from hurting the broader economy.
Major U.S. stock indexes shot higher on Tuesday in immediate response to the Federal Reserve's decision to cut the Fed funds target rate by a 50 basis points to 4.75%, when most observors were expecting only a quarter-point easing. The statement said that recent developments in financial markets had increased uncertainty about the housing market......
...
That's actually not true. The futures market had it as a coin flip between a quarter and a half a point cut. Nobody should have been shocked or surprised.
Also, Cramer actually came out this morning saying the rates shouldn't be cut. Dude's a nutter.
BTW - this site has been snail-slow for me the last week or so. Anyone else having really slow load times?
BTW - this site has been snail-slow for me the last week or so. Anyone else having really slow load times?
I'm pretty sure the slowness is a result of still more problems with my host, Dreamhost. I already switched from yearly to monthly billing, I just need to make the time to figure out what all I need to get together to do a switch over. I'm leaning toward HostGator right now.
Comments
There has been signs of slow down in RE in Seattle, now look for entrenched sellers holding firm to their prices and jumbo loans coming back......
Inflation a la Fed....
So I want to follow his advice, it seems sound to me, but I don't have the time to research and trade individual stocks. Any advice on some ETFs that track high yielding foreign stocks?
(Actually I'm a little wary of foreign stocks. Isn't Europe in the throes of a credit collapse just like us? And isn't China in the middle of a stock bubble?)
/snark
(Hope Boeing isn't buying too much stuff from abroad, considering that the dollar is about to collapse...)
Jim Cramer should be ecstatic.
Stocks Jump on Big Fed Rate Cut
The FOMC shocked the markets with a super-sized half-point easing, hoping to keep disruptions in financial markets from hurting the broader economy.
Major U.S. stock indexes shot higher on Tuesday in immediate response to the Federal Reserve's decision to cut the Fed funds target rate by a 50 basis points to 4.75%, when most observors were expecting only a quarter-point easing. The statement said that recent developments in financial markets had increased uncertainty about the housing market......
...
Also, Cramer actually came out this morning saying the rates shouldn't be cut. Dude's a nutter.
BTW - this site has been snail-slow for me the last week or so. Anyone else having really slow load times?
You're kidding about Cramer, right? For the last month or so he has been harping on how "know nothing" the Fed has been for not cutting rates.
I too have found this site very slow for the last two days. I thought it was something on my end.
Here's the vid:Cramer: Bernanke should do nothing...
What a kook.