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Re: redwards post# 135248

Tuesday, 07/29/2003 3:43:42 PM

Tuesday, July 29, 2003 3:43:42 PM

Post# of 704041
That was my point. They cut .25% and real interest rates, mortgages and treasury yields skyrocketed. So, yes they can cut another .25% and.......interest rates skyrocket some more. It is not working, in fact, it is having the exact opposite effect.

I'm not too sure what the Reserve Requirement or Req. Margin are so I can't comment on this type of ammo very well.
If the Reserve Requirement is the amount of money banks have to have as reserve for loans (5 1/2%??), the last time they had these low, we had the White Collar Criminal Festival aka the savings and loan debacle.
Req. Margin, if this refers to margin for stock market accounts, sounds like a good way to wipe out newbie daytraders and that is about it.

It still looks to me like they are out of bullets. The fast increase in interest rates is opposite of what they wanted. If they have any more tricks, we should see them real soon, I doubt if they will work any better.


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