The Federal Reserve Bank, in a surprise move, lowered interest on loans to it's most trusted borrowers, to an annual rate of 3.5%. This is even lower than the claimed inflation rate of 4%, touted by the lying sacks of shit running the current administration. So what we have, is "Free" money. These same scumfucks continue to tell us that the economy is expanding, that the stock market is under priced and that corporate profits are on the rise. Whistling past the graveyard, every one of them.
Here's the bottom line. Free money is no good if it's not worth anything. If you can't lend it to someone who has some possibility of paying it back, it's still a bad deal, no matter what the point spread is. The truth is, the Fed has been flooding the economy with cheap money for years. Making it cheaper will not change the equation. It only delays the final reckoning and digs the hole we are in deeper.
The markets are not near a bottom.
This is not a good buying opportunity.
Whatever money you have saved is nearly worthless and getting worthlesser.
The economy is not expanding, even slowly.
The government cannot help you. If they give you money, it's because they just printed up a fresh batch.
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