Relevant:
- Libor Signals Tighter Credit as Banks Balk at Lending
- The Future of American Housing -- McMansion withdrawal, rethinking commutes, designing housing with lower incomes in mind, and the impact of a fully subsidized mortgage market.
- China cuts rates, reserve ratio after stocks plummet again; Stokes Worldwide Snapback Rallies
- Fed Undertakes QE3 With $40 Billion Monthly MBS Purchases
- China cuts interest rates again to support economy
2008-03-28 — mybudget360.com
``Interesting that within that same time frame that rates went from 6.29 to 5.92 a drop of .37 basis points the Federal Reserve has cut the funds rate from 5.25 to 2.25, a drop of 300 basis points. What this is showing us is in effect, that cutting rates is no longer having the same impact as it once did.''
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