The Fed has lowered rates to stimulate the economy, BUT lending standards have tightened reducing the number of qualified applicants.
Uncle Sam will be sending out "stimulus" checks, BUT most people surveyed will be using the money to pay down debt.
What's your "BUT" irony?
[quote=doberman] The Fed has lowered rates to stimulate the economy, BUT lending standards have tightened reducing the number of qualified applicants.
Uncle Sam will be sending out “stimulus” checks, BUT most people surveyed will be using the money to pay down debt.
What’s your “BUT” irony?[/quote]
True, but at least now the debt will be going to more responsible borrowers. And stimulus checks have been shown histroically to, well, stimulate the economy.
BUT, your point is well taken. Usually, stimulus packages and lower rates end up swinging the pendulum the other way temporarily (i.e. the housing bubble caused by low rates).
The economy is in the toilet, the war is still dragging/costing, the presidency is up for grabs, BUT congress is concerned with MLB players that may have used steroids and whether or not the Patriots cheated to get their “dynasty.”
You must be more specific. To which pill are you referring? For example, given my age and gender, the little blue pill has the most relevance for me.
I am on the pill BUT i forgot to take it today
[quote=rrbdlawyer] _popupControl(); The economy is deteriorating BUT imprudent over-regulation has destroyed the historic wellspring of independent, regional broker-dealers and banks to jump start things at the local level.Politicos and regulators are seeking ways to revitalize our credit/mortgage markets BUT they are merely trying to administer CPR to cadavers -- they have killed off the smaller firms that work and live in the neighborhood and community. We need creative solutions to the looming threat of recession and credit markets' gridlock BUT are turning for salvation to the same folks who created the nightmare. There -- I'm done venting![/quote] My opinion of your post: It's obvious that the government realizes that the Fed is running out of levers to pull, in order to "stimulate" the economy; hence, the upcoming "stimulus" checks. Make the economic "stimulus" more meaningful, reduce taxes!