Federal Reserve cut interest rates 0.25% for first time in a decade: what are you doing to prepare? - Page 4

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[ARCHIVED THREAD] - Federal Reserve cut interest rates 0.25% for first time in a decade: what are you doing to prepare? (Page 4 of 5)

Posted: 7/29/2019 7:36:55 AM EST

[#1]

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This. And if the Fed engages in middling 25bp cuts at each of their next few meetings, then they'll be COMPLETELY pissing away what little ammo they had for fighting the next big recession.

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FSA muppets need free money.

Posted: 7/29/2019 7:40:05 AM EST

[#2]

I'll do nothing with my investments until it's obvious it's time to do sometning with my investments. Making changes based on predictions of what the future holds has proven to be a foolish move more often than not.

Posted: 7/29/2019 12:41:25 PM EST

[#3]

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I'll do nothing with my investments until it's obvious it's time to do sometning with my investments. Making changes based on predictions of what the future holds has proven to be a foolish move more often than not.

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I’ve always viewed my investments like a roller coaster. It goes up and down and you’ll probably get hurt if you jump off early. Unless you’re a year or two from retirement, just enjoy the free fall and wait for the climb.

Posted: 7/29/2019 2:21:32 PM EST

[#4]

Meh...I hope the housing market crashes again soon. I want to buy more properties at 2.25% interest.

Posted: 7/29/2019 2:52:16 PM EST

[#5]

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We bought 7 years ago and got a fixed 3.4% rate. Haven't found a better deal since. They all want to "lower your payment" but they do so by moving the goalposts and you don't actually save any money. It just takes longer to pay off the house.

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It's already possible I'm the last homeowner in America to not refinance since 2010.

We haven't refied in like ten years and two homes, so you are not alone

We bought 7 years ago and got a fixed 3.4% rate. Haven't found a better deal since. They all want to "lower your payment" but they do so by moving the goalposts and you don't actually save any money. It just takes longer to pay off the house.

I got 3.5% fixed last year in our house through the Texas Veterans Land Board which is one extra sheet of paper added to a regular VA loan. I laugh every week when I get refi offers I the mail that would raise my rate to somewhere between 3.875% to 4%, into the shredder you go.

Posted: 7/29/2019 3:55:05 PM EST

[#6]

In other, completely unrelated news, the household US savings rate is a whopping 6% of income.

Nothing to do with jack shit interest rates for savers.

Posted: 7/29/2019 4:03:11 PM EST

[#7]

Doing NOW?

Enjoying being right. Bought bonds and dividend paying stocks when the market was convinced interest rates were going UP in 2019.

World's biggest debtor is going to raise the cost of financing it's debt?

lol! Again I say: lol!

Foresight - get some.

Posted: 7/29/2019 4:06:13 PM EST

[#8]

Getting ready to buy my retirement home once lending rates ... ah fuck it, I'm paying cash!

If the loan rate is small enough I wouldn't pay for the house but instead keep a jolly big mortgage and leave my money in the market.

Posted: 7/30/2019 1:06:33 PM EST

[#9]

Trump says the Dow would be 10,000 points higher if the Fed had not raised rates so quickly.

Trump: I'd like to see a large interest rate cut from the Fed

https://www.youtube.com/watch?v=DwAehPttnm0

Posted: 7/30/2019 1:27:23 PM EST

[#10]

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Doing NOW?

Enjoying being right. Bought bonds and dividend paying stocks when the market was convinced interest rates were going UP in 2019.

World's biggest debtor is going to raise the cost of financing it's debt?

lol! Again I say: lol!

Foresight - get some.

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Bonds provide weak returns in low interest rate environments.

Lol!

Posted: 7/31/2019 8:12:08 AM EST

[#11]

Today's the day. Announcement is scheduled for 2pm ET.

Posted: 7/31/2019 1:02:00 PM EST

[#12]

Rates cut by 0.25%, QT stopped.

Posted: 7/31/2019 1:40:23 PM EST

[#13]

Using history as a guide I can definitively say that the results of this rate cut will be somewhere btw horrible and awesome near term.

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Posted: 7/31/2019 1:45:24 PM EST

[#14]

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Sold everything

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Pulled out of equities last week.

Posted: 7/31/2019 1:46:17 PM EST

[#15]

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Pulled out of equities last week.

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Posted: 7/31/2019 1:49:29 PM EST

[#16]

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Using history as a guide I can definitively say that the results of this rate cut will be somewhere btw horrible and awesome near term.

https://www.AR15.Com/media/mediaFiles/371613/FC4F72D3-F199-4A09-A8E9-D369F223596C_png-1037240.JPG

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2007 was unique and I believe can be discarded from the results. This is a whole different set of circumstances.

I'm betting on a positive result.

Posted: 7/31/2019 1:50:28 PM EST

[#17]

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I got 3.5% fixed last year in our house through the Texas Veterans Land Board which is one extra sheet of paper added to a regular VA loan. I laugh every week when I get refi offers I the mail that would raise my rate to somewhere between 3.875% to 4%, into the shredder you go.

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We refied at 3.25%

It's gonna make it really hard to move, if we ever decide to.

Posted: 7/31/2019 1:56:01 PM EST

[#18]

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Say what? Gray bars are recessions.

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You need to post the whole chart, were were at these rates back in the 60's.

Shit has happened before...

Posted: 7/31/2019 1:58:10 PM EST

[#19]

Markets clearly happy with the news

Posted: 7/31/2019 2:10:08 PM EST

[#20]

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Markets clearly happy with the news

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Market wanted 50bps. Dow down 262 at the moment

Posted: 7/31/2019 2:14:25 PM EST

[#21]

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Market wanted 50bps. Dow down 262 at the moment

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Markets clearly happy with the news

Market wanted 50bps. Dow down 262 at the moment

waahh why wont it go up? i thought interest rate cut = propping the markets up?

Posted: 7/31/2019 2:14:45 PM EST

[#22]

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Market wanted 50bps. Dow down 262 at the moment

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Markets clearly happy with the news

Market wanted 50bps. Dow down 262 at the moment

More to do with the lack of future rate cuts. Market had multiple rate cuts priced in, Powell said it was just a mid cycle adjustment. The fact that Wall Street was pricing in 3+ rate cuts in this economy shows how much blow those guys can consume.

Posted: 7/31/2019 2:29:00 PM EST

[#23]

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We refied at 3.25%

It's gonna make it really hard to move, if we ever decide to.

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I want to refi now while rates are lower (currently at 4.125%), but the closing costs kill it. At my current rate of paying things off, I might only save $100.

Posted: 7/31/2019 2:39:00 PM EST

[#24]

What will this to do bank/finance stocks?

Posted: 7/31/2019 3:05:08 PM EST

[#25]

Dow down 333pts.

Posted: 7/31/2019 3:15:40 PM EST

[#26]

The Fed blamed "global developments" for the rate increase. LOL.

Posted: 7/31/2019 3:45:14 PM EST

[#27]

What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world....
Donald J. Trump (@realDonaldTrump) July 31, 2019

....As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place - no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!
Donald J. Trump (@realDonaldTrump) July 31, 2019

Posted: 7/31/2019 4:09:46 PM EST

[#28]

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Nope. And Trump wont be able to stop whats coming. Math doesnt care about feelings.

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We have not recovered from 2008.

Nope. And Trump wont be able to stop whats coming. Math doesnt care about feelings.

Three months after the Fed started cutting rates back in 2007-2008 was when we crashed, only to recover through the combined financial willpower of all the western central banks combined.

Posted: 7/31/2019 5:13:58 PM EST

[#29]

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Dow down 333pts.

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Oh noes! We’re back to July 2019 numbers which is still up 20 fucking percent.

Posted: 7/31/2019 5:28:05 PM EST

[#30]

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What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world....
Donald J. Trump (@realDonaldTrump) July 31, 2019

....As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place - no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!
Donald J. Trump (@realDonaldTrump) July 31, 2019

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I remember when a hawkish monetary policy was considered a hallmark of conservatism. "It's the Fed's job to take the punchbowl away as soon as the party is getting started."

My how times have changed.

Posted: 7/31/2019 5:57:39 PM EST

[#31]

So how soon can I expect my credit union to offer lower interest rates?

Posted: 7/31/2019 6:02:19 PM EST

[#32]

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So how soon can I expect my credit union to offer lower interest rates?

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They should drop. I’ve been riding a fat 100k heloc and investing/leveraging that cash to great advantage the last decade. Free tucking money. Rate on the heloc has been creeping up, but 20% still greater than 6.5%.

Posted: 7/31/2019 6:20:17 PM EST

[#33]

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We have not recovered from 2008.

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My home value has not.

Posted: 7/31/2019 6:27:35 PM EST

[#34]

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Dow down 333pts.

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Odd. I thought we were told when the rate goes down, stocks go up and vice versa.

Posted: 7/31/2019 6:29:03 PM EST

[#35]

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Odd. I thought we were told when the rate goes down, stocks go up and vice versa.

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Dow down 333pts.

Odd. I thought we were told when the rate goes down, stocks go up and vice versa.

Fed said this was only one. Market thought there’d be more. Market is forward looking. This is totally normal.

Posted: 7/31/2019 6:30:25 PM EST

[#36]

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We refied at 3.25%

It's gonna make it really hard to move, if we ever decide to.

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Same same...... and exactly.

Posted: 7/31/2019 7:01:43 PM EST

[#37]

Fuck the Fed. Central banking is the greatest enemy of mankind.

Let the markets determine the rate.

Posted: 7/31/2019 8:53:57 PM EST

[#38]

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Odd. I thought we were told when the rate goes down, stocks go up and vice versa.

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Our junkie economy needs a bigger crack fix.

Posted: 7/31/2019 8:55:46 PM EST

[#39]

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You need to post the whole chart, were were at these rates back in the 60's.

Shit has happened before...

https://upload.wikimedia.org/wikipedia/commons/thumb/3/3f/Federal_funds_rate_history_and_recessions.png/800px-Federal_funds_rate_history_and_recessions.png

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Can you scroll it back to the point where they were nearly 0% for 10 years? Nope.

Posted: 7/31/2019 9:06:38 PM EST

[#40]

ITT we learn who's economic outlook is completely driven by the DJIA, representing about 25% of the value of US stocks.

Posted: 7/31/2019 9:09:13 PM EST

[#41]

Should have bumped it that much....More free money!!

Posted: 7/31/2019 9:11:28 PM EST

[#42]

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Can you scroll it back to the point where they were nearly 0% for 10 years? Nope.

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I think we're heading right back to 0% territory.

Posted: 7/31/2019 9:13:04 PM EST

[#43]

I'll be the asshole who says it (if not already stated but doubt it): would like to see rates raised and begin reset of overinflated asset values.

We've had artificially low rates for what ~15 years and the economy has been stimulated by cheap credit. Debt levels are at or exceed 2008 levels - at some point shit will hit the fan and it won't be pretty.

Yes, doom and gloom but GD loves it!

Posted: 7/31/2019 9:21:05 PM EST

[#44]

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I think we're heading right back to 0% territory.

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Can you scroll it back to the point where they were nearly 0% for 10 years? Nope.

I think we're heading right back to 0% territory.

Or lower.

Posted: 7/31/2019 9:34:03 PM EST

[#45]

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Can you scroll it back to the point where they were nearly 0% for 10 years? Nope.

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You need to post the whole chart, were were at these rates back in the 60's.

Shit has happened before...

https://upload.wikimedia.org/wikipedia/commons/thumb/3/3f/Federal_funds_rate_history_and_recessions.png/800px-Federal_funds_rate_history_and_recessions.png

Can you scroll it back to the point where they were nearly 0% for 10 years? Nope.

The real eye opener is that over 13 trillion dollars of government bonds globally are "earning" negative interest.
Try and find precedent for that in any place since they built the pyramids. This time is truly different.

Posted: 7/31/2019 9:51:33 PM EST

[#46]

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I remember when a hawkish monetary policy was considered a hallmark of conservatism. "It's the Fed's job to take the punchbowl away as soon as the party is getting started."

My how times have changed.

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No, you are completely wrong.

The proper conservative approach is to fix the money supply growth rate (and publicly announce that rate) and then stick to that growth rate, in good times and bad times.

Posted: 7/31/2019 9:55:05 PM EST

[#47]

Why do we let a private bank more or less pull the strings on our economy? The Federal Reserve is as a federal as American Express.

I'm not a nutter or trolling, but I've never understood why we give them so much power. Its just a fucking bank.

Posted: 7/31/2019 10:11:51 PM EST

[#48]

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I’ve put it all into beanie babies - this is going to pay off yuge!!

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I'd say you've ensured your financial sterility

Posted: 7/31/2019 10:23:16 PM EST

[#49]

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Why do we let a private bank more or less pull the strings on our economy? The Federal Reserve is as a federal as American Express.

I'm not a nutter or trolling, but I've never understood why we give them so much power. Its just a fucking bank.

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Because Congress had the wool pulled over their eyes in 1913.

Posted: 7/31/2019 10:25:30 PM EST

[#50]

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Why do we let a private bank more or less pull the strings on our economy? The Federal Reserve is as a federal as American Express.

I'm not a nutter or trolling, but I've never understood why we give them so much power. Its just a fucking bank.

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The Federal Reserve was created because prior to its creation, the American economy underwent regular panics and banking crises in the late 19th and early 20th century. The big bankers like J.P. Morgan assumed the responsibility of organizing lines of credit to smaller failing banks. The ruling class decided to just institutionalize it, to reduce the numbers and frequencies of these panics.

[ARCHIVED THREAD] - Federal Reserve cut interest rates 0.25% for first time in a decade: what are you doing to prepare? (Page 4 of 5)

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