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<blockquote data-quote="Traxion" data-source="post: 292099" data-attributes="member: 983"><p>I don't get why they did it already. Save it for later in this mess. Interest rates don't matter at all if nobody has confidence to buy, let alone leave their house. Right now we are telling people to not go anywhere, afraid they may not have a job, etc. Zero consumer confidence right now. I feel the Quantitative Easing part of the emergency action will have more impact than interest rates, at least in the short term. I wish they would have saved something for later, they're using all the bullets they have and the bear is just starting to charge. DOW futures are down 1000 already.</p></blockquote><p></p>
[QUOTE="Traxion, post: 292099, member: 983"] I don't get why they did it already. Save it for later in this mess. Interest rates don't matter at all if nobody has confidence to buy, let alone leave their house. Right now we are telling people to not go anywhere, afraid they may not have a job, etc. Zero consumer confidence right now. I feel the Quantitative Easing part of the emergency action will have more impact than interest rates, at least in the short term. I wish they would have saved something for later, they're using all the bullets they have and the bear is just starting to charge. DOW futures are down 1000 already. [/QUOTE]
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